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A Fixed Mental Picture of Members of Some Specified Group

question 14

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A fixed mental picture of members of some specified group based on some attribute or a group of attributes that reflect an overly simplified view of that group, without consideration or appreciation for individual differences, is called:


Definitions:

Interest Payment

The payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate.

Compounded

The process of generating earnings from previous earnings, calculated by applying the earnings rate not only to the principal but also to the accumulated earnings over past periods.

Compounds Semi-Annually

Interest on an investment or loan is calculated and added to the principal balance twice a year.

Compounds Monthly

Refers to the process of applying interest to an amount where the interest earned itself earns interest, recalculated on a monthly basis.

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