Buddy Has $2000 in a Checking Account and Wants to Buy

question 55

Multiple Choice

Buddy has $2000 in a checking account and wants to buy a new MacBook for $1100.Buddy decides he needs the money in his account to pay his bills next month and so puts the $1100 on his credit card and pays it off gradually over the next several months.Buddy choosing to "save" his cash on hand for everyday expenses is:

• A) irrational, since money is fungible.
• B) rational, since Buddy can now pay all his bills with a small credit card payment each month.
• C) going to make Buddy wealthier in the long run.
• D) rational, since he has his new computer and has money in the bank.

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Definitions:

Brain Regions

Specific areas within the brain that have distinct structures, functions, or both, contributing to the overall operation of the brain.

NMDA and AMPA Receptors

Types of glutamate receptors in the brain involved in synaptic plasticity and learning.

Long-Term Potentiation (LTP)

An increase in synaptic strength following repetitive stimulation, believed to be a cellular mechanism underlying learning and memory.

Place Cells

Neurons in the hippocampus that become active when an animal is in, or is thinking about, a specific location in its environment.