Which of the Following Is a Characteristic of System-1 Thinking

question 19

Multiple Choice

Which of the following is a characteristic of System-1 thinking?

• A) reactive
• B) analytical
• C) deliberative
• D) procedural

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Definitions:

Lump Sum

A single payment made at a particular time, as opposed to a series of periodic payments.

Lump Sum Payment

A single, one-time payment made for a purchase or to settle a debt, as opposed to installments.

Annuity Due

A type of annuity in which payments are made at the beginning of each period, rather than at the end.

Present Value

The present worth of a sum of money or a series of cash flows expected in the future, assuming a certain rate of return.