Debit Cards and E-Checks Are Not Money Because

question 73

Multiple Choice

Debit cards and e-checks are not money because

• A)they can be forged easily.
• B)they can fail their purpose of being mediums of exchange as a result of technical difficulties.
• C)they are just instruments to transfer money between people.
• D)not all banks offer them and not all businesses accept them.
• E)they are not regulated by the government.

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Definitions:

Overconfidence

The phenomenon where an individual's confidence in their judgments and abilities is greater than the accuracy of those judgments.

Framing

The way an issue is posed; how an issue is framed can significantly affect decisions and judgments.

Framing

The way information is presented or an issue is structured, which can influence perception and decision-making.

Belief Perseverance

The psychological phenomena wherein individuals maintain their beliefs despite facing contradicting evidence or facts.