When Richard Assumes That Ticket-Buying Behaviour Reflects People's Character Rather

question 22

Multiple Choice

When Richard assumes that ticket-buying behaviour reflects people's character rather than other situational factors, what is he doing?

• A)He is making a self-serving bias.
• B)He is making an out-group decision.
• C)He is making the fundamental attribution error.
• D)He is experiencing cognitive dissonance.

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Definitions:

U.S. Dollar

The sanctioned monetary unit of the United States, commonly employed worldwide as a reference and reserve currency.

Fixed Exchange-rate System

A currency value regime where a country's currency is pegged at a set value to another currency, a basket of currencies, or a commodity like gold.

Foreign Exchange Market

A global decentralized or over-the-counter market for trading currencies, facilitating international trade and investment.

Peg

Fixing the exchange rate of a currency by linking it to another currency or basket of currencies.