A Basic Principle of Persuasion Is

question 9

Multiple Choice

A basic principle of persuasion is:

• A) it takes one to know one.
• B) first things first.
• C) people like those who like them.
• D) people listen to avoid punishment.

Understand the role of behaviorism in psychology.

Recognize the influence of collectivism vs. individualism in cultural contexts.

Identify the role and objectives of various professionals in psychology.

Understand the concept of social loafing and its cultural variations.

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Definitions:

Reserve Requirement

The reserve requirement is a central bank regulation that sets the minimum fraction of customer deposits and notes that each commercial bank must hold as reserves rather than lending out.

Discount Rate

The interest rate charged to commercial banks and other financial institutions for loans received from the central bank's discount window.

Uninsured Savings

Savings not protected by government insurance, exposing depositors to potential loss if the financial institution fails.

Reserve Requirement

The minimum amount of reserves a bank must hold against deposits, as mandated by central banking authorities.