The Tendency to Look for Information That Supports One's Own

question 242

Multiple Choice

The tendency to look for information that supports one's own belief is called:

• A) the principle of falsifiability.
• B) confirmation bias.
• C) denialism.
• D) cognitive inertia.

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Definitions:

Federal Funds Market

A market for overnight lending and borrowing of reserves among banks; the interbank market for reserves on account at the Fed.

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposits, as mandated by regulatory bodies.

U.S. Government Securities

Financial instruments issued by the United States Department of the Treasury to finance federal government spending.

Clear

in an economic or financial context often means to settle a transaction or complete a trade or payment process.