The First Checks Were Probably Notes Written to a Goldsmith

question 138

True/False

The first checks were probably notes written to a goldsmith asking him to transfer ownership of some designated amount of gold from the writer of the note to its bearer.

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Definitions:

Confirmation Bias

The habit of looking for, decoding, valuing, and recalling details that support one’s established views or conjectures.

Social Comparison

The process of evaluating oneself by comparison with others, often in terms of abilities or social standing.

Causal Attribution

The process of inferring the causes of events or behaviors, which can influence how individuals interpret and respond to the world around them.

A Priori Causal Theories

Theoretical assumptions about causality that are not derived from observation but are instead formulated beforehand.