Which of the Following Is a Key to Establishing a Sizable

question 1

Multiple Choice

Which of the following is a key to establishing a sizable savings balance?

• A) invest all money earned in the stock market
• B) automatically deposit a percentage of each paycheque into a savings account
• C) pay the minimum on each credit card bill
• D) use online savings banks, since they typically pay higher rates of interest

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Definitions:

Rationality

The quality of being based on or in accordance with reason or logic.

Challenges

Difficult situations that require a person to utilize skills and resources in order to overcome them.

Alfred Binet

A French psychologist best known for developing the first practical intelligence test, the foundation for modern IQ testing.

Psychological Measurement

The process of acquiring and quantifying psychological traits, abilities, or outcomes through tests and assessments.