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Explain the Rapid Rise in Popularity of Mutual Funds

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Explain the rapid rise in popularity of mutual funds.


Definitions:

Amygdala

A segment of the brain responsible for managing feelings, notably those of fear and joy.

Racist Views

Prejudicial beliefs based on the misconception that some races are inherently superior or inferior to others, leading to discrimination and social inequality.

Lowball Technique

A sales strategy where an item is initially offered at a lower price than its actual cost to entice the buyer, with the price being raised after the initial commitment.

Reciprocity Norm

A social norm that expects individuals to help those who have helped them, facilitating cooperation and social bonding.

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