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

question 80

Multiple Choice

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

• A) criterion validity.
• B) volunteer bias.
• C) principle of falsifiability.
• D) confirmation bias.

---

Definitions:

Money

An economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy.

Reserve Requirement

The minimum amount of reserves that banks must hold, either in their vaults or with the central bank, as a proportion of deposits.

Excess Reserves

The surplus funds that banks hold over the required minimum set by the central bank to meet unexpected withdrawals.

Deposits

Funds stored in a bank or similar entity for security purposes that have the potential to accrue interest as time passes.