Sometimes Forgetting That Money Is Fungible Can Be

question 32

Multiple Choice

Sometimes forgetting that money is fungible can be:

• A)useful and help someone stay on budget.
• B)irrational and lead to costly decisions.
• C)Both of these are true.
• D)Neither of these is true.

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Definitions:

Evolutionary Psychology

An approach within social and natural sciences that analyzes psychological structures through the lens of contemporary evolutionary theory.

Sigmund Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

William James

A pioneering American psychologist and philosopher known for his contributions to pragmatism and functional psychology.

Empiricism

A philosophical theory that knowledge comes primarily from sensory experience, emphasizing the role of observation and experimentation in the formation of ideas.