Herman Remembers Exactly What He Was Doing and Where He

question 28

Multiple Choice

Herman remembers exactly what he was doing and where he was when he first heard about the September 11ᵗʰ terrorist attacks.Brown and Kulik (1977) would refer to this vivid image as

• A) the hindsight bias.
• B) a memory heuristic.
• C) memory inflation.
• D) a flashbulb memory.

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Definitions:

Disposition

The act of transferring or disposing of an asset or property, or the manner in which someone is inclined to behave or feel.

Collateral

Assets pledged by a borrower to secure a loan or other credit, which the lender can seize if the borrower defaults.

PMSI

Purchase Money Security Interest, a legal claim that allows a lender to repossess or foreclose on property if the borrower defaults, specifically when the loan was used to purchase the property.

Priority Rule

A principle in law that determines the precedence of claims, rights, or interests in order to resolve conflicts between parties.