John Has $4,000 in Savings That He Has Set Aside

question 99

Multiple Choice

John has $4,000 in savings that he has set aside to buy an engagement ring for his girlfriend, even though he isn't planning to propose for quite some time. When John's car needs a new transmission he charges the $2,000 repair cost to his credit card and pays off the balance over several months. John's decision shows:

• A)a recognition that money is fungible.
• B)that everyday expenses are easier to charge than big purchases.
• C)that he has made false distinctions about his money.
• D)the concept of over-consumerism.

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Definitions:

Research Literature

A collection of studies, findings, and scholarly articles on a particular subject within the realm of academic inquiry.

Placebo Treatment

A sham or inert treatment given to a control group in experiments to assess the psychological impact of receiving treatment.

Unifying Themes

Central ideas or concepts that tie together various disparate elements in a coherent manner.

Subjective Experience

An individual's personal perception, feelings, and interpretation of an event or situation, influenced by personal opinions and emotions.