Don Dillon Is a 24-Year-Old Graphic Designer

question 82

Multiple Choice

Don Dillon is a 24-year-old graphic designer. He eventually wants to get married, raise a family, and buy a house. He knows that he has to start putting money away so that his goals can someday become a reality. He has heard that investing is risky because you can lose money as well as make money. So Don decides to play it safe and deposit money in a bank on a regular basis. Why might this not be his best strategy?

• A) Stock investments will always result in high returns.
• B) It pays to take chances with your money.
• C) You can actually lose money with bank savings due to inflation and taxes.
• D) People usually benefit from risky investments.
• E) Most savings accounts are insured by the CDIC.

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Definitions:

Social Norms

Informal understandings that govern the behaviors of members within a society, acting as rules for acceptable and expected actions.

Abnormal Behaviour

Abnormal behavior refers to patterns of emotion, thought, and action deemed pathological (outside the norm) by society or culture, often leading to psychological distress or impairment in functioning.

Thomas Szasz

A psychiatrist known for his critiques of psychiatry and the concept of mental illness.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, stemming from a traumatic event or persistent failure to succeed, leading to decreased motivation and learning ability.