Marcus Bought a Certificate of Deposit Whose Interest Rate Is

question 22

Multiple Choice

Marcus bought a certificate of deposit whose interest rate is based on the stock market. Sometimes, his earnings are higher than other similar cds, and at other times, his earnings are lower. He purchased a

• A) Bump-up CD.
• B) Callable CD.
• C) Portfolio CD.
• D) Promotional CD.
• E) Indexed CD.

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Definitions:

Other-Race Effect

The inclination to identify faces belonging to the race one is most acquainted with more effortlessly, believed to form during early childhood.

Own-Race Bias

The tendency to more easily recognize faces of the race that one is most familiar with, compared to faces from other races.

Just-World Phenomenon

The cognitive bias to believe that the world is just and people get what they deserve, which helps explain the tendency to blame victims.

Blame-The-Victim Phenomenon

A social phenomenon where the victim of a crime or any wrongful act is held entirely or partially responsible for the harm that befell them.