Your Financial Plan Is Usually Strongly Influenced by

question 66

Multiple Choice

Your financial plan is usually strongly influenced by

• A) your parents.
• B) your tolerance for risk and your self-discipline.
• C) your peers.
• D) your age.

---

Definitions:

Misinformation Effect

A phenomenon in which a person's recall of episodic memories becomes less accurate due to post-event information.

Constructive Processing Effect

The psychological phenomenon where memory retrieval involves active reconstruction using both stored information and new input, rather than merely playing back exact copies of stored data.

Constructive Processing

Refers to the way individuals build up memories based on the integration of new information with existing knowledge.

Elaborative Rehearsal

A memory technique that involves thinking about the meaning of the term to be remembered, rather than merely repeating the word to oneself.