The Tendency to Mold Our Recollection of the Past to Fit

question 141

Multiple Choice

The tendency to mold our recollection of the past to fit how events later turned out is termed

• A) retroactive interference.
• B) the just world hypothesis.
• C) the fundamental attribution error.
• D) hindsight bias.

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Definitions:

Maturity

The date on which a financial obligation must be repaid or a financial instrument, such as a bond, reaches its final due date and the principal is returned to investors.

Principal Payment

The portion of a loan payment that goes towards paying down the original amount borrowed, as opposed to interest.

Installment Note

A debt instrument that requires a series of payments over time, including interest and principal.

Annual Payment

A recurring payment made once a year, often related to loans, insurance policies, or subscriptions.