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Nathaniel, a father of two, always takes a deep breath and considers his options when his children act out. He believes that ______ is a misguided parenting practice because it occurred well after the misbehavior, so it was not contingent.
Credit Cards
Financial instruments issued by banks and financial institutions that allow cardholders to borrow funds up to a specified limit to purchase goods and services.
Debit Card
Cards that tap directly into the depositor’s bank account to fund purchases; also called a check card.
Checking Account
A bank account that allows the account holder to access funds, make payments, and manage transactions with ease.
Excess Reserves
Bank reserves in excess of the required minimum, which can be lent out or invested.
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