________ Bias Refers to the Tendency for People to Base

question 95

Multiple Choice

________ bias refers to the tendency for people to base their judgments on information that is easily accessible.

• A) Anchoring
• B) Availability
• C) Overconfidence
• D) Confirmation
• E) Hindsight

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Definitions:

EFT Transfers

Electronic Funds Transfer involves moving money from one bank account to another without the need for physical money exchange, using digital systems.

Bank's Obligation

The responsibilities and duties a bank owes to its customers, such as safeguarding deposits and honoring withdrawals.

Authorization

The formal permission or power granted to do something or to validate a transaction.

Cashier's Check

A check issued by a bank, drawn on its own funds rather than that of an individual account holder, offering a secure way of payment.