Statement I: Banks Require a Minimum Balance of Checking Accounts

question 4

Multiple Choice

Statement I: Banks require a minimum balance of checking accounts because it cost them money to process each check.
Statement II: The American Bankers Association has successfully beaten back attempts to pass legislation requiring banks to provide free check-cashing services to the poor.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Cognitive-Physiological Theory

A concept that links cognitive processes with bodily functions, explaining how thoughts and emotions influence physiological responses.

Schachter

Refers to Stanley Schachter, a psychologist known for his work on emotion, particularly the two-factor theory of emotion.

Physiological Arousal

pertains to the physical responses of the body, such as increased heart rate or adrenaline, often triggered by emotions, stress, or excitement.

James-Lange Theory

A theory of emotion suggesting that physiological arousal precedes the emotional experience, implying that each emotion is associated with a specific pattern of bodily responses.