When Making Payments on a Credit Card, the Amount Paid

question 31

Multiple Choice

When making payments on a credit card, the amount paid is first applied to ________ and the remainder is applied to ________.

• A) late fees; interest
• B) balance due; late fees
• C) interest for the month; balance due
• D) The entire payment is applied to the balance due.

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Definitions:

Attribution

The process by which individuals explain the causes of behavior and events, often attributing them to internal dispositions or external situations.

Dimensions

in the context of behavior, refers to the measurable attributes of actions, such as frequency, intensity, and duration.

Types of Attributions

These are explanations for behaviors or events, often categorized as internal (personal) or external (situational) attributions.

Expectancy

In psychology, the anticipation or belief regarding the likelihood that a particular behavior will lead to a specific outcome, heavily influencing motivations and actions.