Based on the Ben Franklin Effect, You Are Most Likely

question 187

Multiple Choice

Based on the Ben Franklin effect, you are most likely to increase your liking for Tony when __________.

• A) Tony lends you $10
• B) you lend Tony $10
• C) Tony returns the $10 you lent him
• D) Tony finds $10

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Definitions:

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, done on a monthly basis.

Interest Saved

The amount of money that is not paid as interest due to paying off debt earlier or negotiating better rates.

Savings Account

A deposit account held at a financial institution that provides principal security and interest earnings.

Rate of Return

An indicator of the profit or loss on an investment, shown as a percentage of the investment's original value, for a defined timeframe.