Statement I: Trillions of Dollars Are Transferred Electronically Every Day

question 282

Multiple Choice

Statement I: Trillions of dollars are transferred electronically every day in the United States.
Statement II: In terms of dollars transferred,the main electronic network is run by the Federal Reserve.

• 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:

Psychosexual Stage

In psychoanalytic theory, one of the developmental phases during which the pleasure-seeking energies of the id focus on distinct erogenous zones.

Parsimonious Explanation

An explanation that requires the fewest possible assumptions, variables, or changes to adequately describe a phenomenon or solve a problem.

Social Behaviors

Actions that are directed towards society or occurring between members of the same species, influencing their interactions.

Bandura

Refers to Albert Bandura, a psychologist known for his work on social learning theory, demonstrating how people learn through observation and imitation.