_____________________ Permits a Customer to Preauthorize a Depository Institution to Move

question 98

Multiple Choice

_____________________ permits a customer to preauthorize a depository institution to move funds from a savings account to a transaction account in order to cover overdrafts.

• A)Automatic transfers (ATS)
• B)Sweep account
• C)NOW account
• D)SNOW account
• E)MMDA

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Definitions:

Foot-In-The-Door Phenomenon

The psychological tactic of getting a person to agree to a large request by first setting them up to agree to a modest request.

Situational Attributions

The process of explaining someone's behavior based on external factors or the context of the situation.

Central Route Persuasion

A method of persuasion that involves deeply processing the content of a message, evaluating the arguments and evidence in support of a particular stance.

Cognitive Dissonance

The state of having inconsistent thoughts, beliefs, or attitudes, especially relating to behavioral decisions and attitude change.