Which of the Following Results in an Increase in Liquid

question 123

Multiple Choice

Which of the following results in an increase in liquid assets?

• A) Take advantage of company matching funds in 401(k)
• B) Increase your contribution to 401(k)
• C) Have $200 from each paycheck automatically sent to a credit union savings account
• D) Sell stock held in a retirement account and hold proceeds in cash

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Definitions:

Social Influence

The effect that the words, actions, or mere presence of other people have on our beliefs, feelings, attitudes, or behavior.

Heuristic-Systematic Model

A dual-process theory of persuasion that suggests there are two ways people process information: through heuristics (quick, automatic thinking) and systematically (deep, thoughtful analysis).

Systematic Processing

A mode of thinking in which individuals take a more analytical and comprehensive path to evaluating information, as opposed to relying on general impressions.

Disconfirmation Bias

The tendency to notice, refute and regard as weak, arguments that contradict our prior beliefs.