Status-Quo Bias Is

question 65

Multiple Choice

Status-quo bias is:

• A) a type of mental barrier to saving.
• B) when people actively make decisions to change something, even if it is fairly difficult to do so.
• C) not overcome in the SMarT program because saving is the default option.
• D) when people have a negative view on the status quo.

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Definitions:

General Fund

The primary operating fund of a governmental entity, used to account for all financial resources except those required to be accounted for in another fund.