Why Does Laura Keep Only $100,000 Combined in Her Savings

question 2

Multiple Choice

Why does Laura keep only $100,000 combined in her savings and chequing accounts at TD Bank?

• A) any more will not earn additional interest
• B) her bank prohibits her from depositing more
• C) her fees will be significantly higher if more money is deposited
• D) this is the maximum amount insured per depositor

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Definitions:

Psychological Reactance

An enthusiastic reaction towards proposals, persons, directives, or laws that intimidate or eradicate specified freedoms of behavior.

Sensory Overload

A condition where one experiences discomfort or incapacity to process the volume or intensity of incoming sensory information.

Yielding

Giving way under pressure or agreeing to the demands or opinions of others.

Anti-Smoking Beliefs

Convictions or opinions held against the act of smoking tobacco, often emphasizing the health risks and negative consequences.