Joe and Jane Have a Tendency to Build Up Large

question 78

Multiple Choice

Joe and Jane have a tendency to build up large balances on their credit cards.Which of the following would be least important for them?

• A) no annual fee.
• B) low interest rates on balances.
• C) long grace period.
• D) method of calculating balances.
• E) a and b.

---

Definitions:

Evolutionary Psychology

A theoretical approach in psychology that applies evolutionary biology concepts to understand human behavior and mental processes.

Cognitive Psychologists

Scientists who study mental processes such as perception, memory, thought, and problem-solving.

Positive Psychology

The study of happiness and well-being, focusing on strengths and virtues that enable individuals and communities to thrive.

Observer Bias

A form of cognitive bias that occurs when researchers' expectations, beliefs, or preferences influence their observations and recording of data, potentially affecting the validity of the results.