Which Type of Cash Management Instrument Could Also Be Used

question 138

Multiple Choice

Which type of cash management instrument could also be used by a college student to access his or her meal plan?

• A)Credit card
• B)Debit card
• C)Stored-value card
• D)Stored-value card.

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Definitions:

Self-Serving Bias

A cognitive bias where individuals attribute positive outcomes to their own actions but negative outcomes to external factors.

System 2

A term often associated with dual-process theories of mind, representing the analytical, deliberate, and logical mode of thinking.

Framing Effects

Cognitive biases where people's decisions are influenced by the way information is presented, rather than just the information itself.

Anchoring

Anchoring is a psychological phenomenon wherein an individual relies too heavily on an initial piece of information, or 'anchor,' to make subsequent decisions.