The CARD Act,which Tells Credit Card Holders How Long It

question 8

Multiple Choice

The CARD Act,which tells credit card holders how long it will take to pay off their debt if they only make minimum payments,and how much they need to pay in order to pay off the debt in three years,is an example of:

• A) disclosing information in more usable ways.
• B) choice architecture that nudges people toward better decisions.
• C) how the presentation of information can affect people's choices.
• D) All of these statements are true.

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Definitions:

Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision and function best in relatively bright light.

Color Blind

A condition where an individual has difficulty distinguishing between certain colors, often genetic in nature.

Optic Chiasms

A cross-shaped connection of the two optic nerves in the brain where visual signals are partially crossed to the opposite side of the brain.

Electrochemical Impulses

Bioelectrical signals that transmit information between neurons in the nervous system.