In the ATM Model of the Demand for Cash, If

question 7

Multiple Choice

In the ATM model of the demand for cash, if a person's daily amount of spending increases, then

• A)the number of days between visits to the ATM falls and the quantity of money demanded rises.
• B)the number of days between visits to the ATM rises and the quantity of money demanded falls.
• C)both the number of days between visits to the ATM and the quantity of money demanded rises.
• D)both the number of days between visits to the ATM and the quantity of money demanded falls.

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Definitions:

Ultimate Attribution Error

A cognitive bias where individuals attribute negative actions of out-group members to their inherent characteristics while attributing positive actions to situational factors.

Outgroup Derogation

The phenomenon of negatively evaluating or discriminating against members of an outgroup compared to one's ingroup.

Ingroup Bias

The tendency for people to give preferential treatment and positive attitudes towards members of their own group over those from other groups.

Social Situation

A scenario involving interactions between individuals or groups within a social context, influencing behaviors, thoughts, and emotions.