Choose the Word or Phrase in [ ] Which Will

question 99

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-A bank customer would typically expect to receive higher interest rates on her [certificate of deposit | money market deposit account].

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Definitions:

Evolutionary Perspective

An approach in psychology that explains mental and psychological traits—such as memory, perception, or language—as adaptations, i.e., as the functional products of natural selection.

Inferential Heuristics

Mental shortcuts that allow individuals to make judgments and solve problems quickly but can sometimes lead to errors in reasoning.

Conjunction Fallacy

A logical error where individuals mistakenly believe that specific conditions are more probable than a single general one.

Base Rates

The basic rate or frequency at which an event occurs within a given population under general conditions.