A Credit Card Company Is Offering an Annual Percentage Rate

question 122

Multiple Choice

A credit card company is offering an annual percentage rate of 3.9 percent. However, the company fails to mention that this is an introductory rate, and when consumers receive their bills after six months the rate increases to 21.9 percent. The consumers feel their right to ____ has been abused.

• A) be treated fairly
• B) be informed
• C) safety
• D) be heard
• E) service

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Definitions:

Internalization

The process by which individuals incorporate external standards, values, and norms into their own belief system, making those external influences a part of their internal psyche.

Core Knowledge Approach

A theory in cognitive development suggesting that infants have innate, domain-specific knowledge systems that enable early understanding of key aspects of the world.

Domain-Specific

Relates to knowledge, skills, or abilities that apply to a particular domain or area of activity exclusively.

Innate Knowledge

Knowledge that is presumed to be inborn or natural, existing in the mind independent of experience.