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Alex,a below-average student,cheats in his exams.His teachers catch him cheating and question him.He, however,justifies his act and argues that most students cheat in their exams but are not caught.Which of the following psychological phenomena best exemplifies Alex's attitude?
RRSP
A Registered Retirement Savings Plan that allows individuals in Canada to save for retirement on a tax-deferred basis.
Annuity Payment
A fixed amount of money paid to someone each period, typically for the rest of their life or for a fixed number of years, as part of an annuity contract.
Ordinary Annuity
A series of equal payments made at regular intervals, with the interest compounding period being the same as the payment period.
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Describes interest on an investment that is calculated annually and added to the principal sum, thus earning further interest in subsequent years.
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