In Order to Get a Handle on Your Finances and Begin

question 71

Multiple Choice

In order to get a handle on your finances and begin to get out of debt,financial planners suggest you do the following for one week:

• A)pay only the minimum balance due on your credit cards.
• B)count up your ATM fees.
• C)cash your paycheck rather than putting it in the bank.
• D)sell your textbook.

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Definitions:

Primacy Effect

The tendency to remember the first pieces of information in a series better than the information in the middle.

Computer Programming

The process of designing, writing, testing, debugging, and maintaining the source code of computer programs.

Defensive Attribution

A theory suggesting that people attribute unforeseeable actions either to the victim or the perpetrator, in an effort to distance themselves from the possibility of experiencing a similar event.

Actor-Observer Bias

This psychological bias describes a tendency to attribute one’s own actions to external factors, while attributing others’ actions to their character or disposition.