Which of the Following Is the Opportunity Cost of Money

question 155

Multiple Choice

Which of the following is the opportunity cost of money?

• A) The use of money as a means of payment
• B) The trouble of having to get money out of the bank
• C) The interest forgone by holding money
• D) The ability to purchase things at a moment's notice
• E) Commissions paid to brokers

---

Definitions:

Postpurchase Stage

The phase after purchasing a product or service where consumers may evaluate their decision, experience satisfaction or dissatisfaction, and engage in behavior such as feedback or repurchase.

Selective Perception

How individuals selectively focus on certain parts of media communications that resonate with their desires, while overlooking contrary opinions.

Selective Exposure

The tendency of individuals to favor information which reinforces their pre-existing views while avoiding contradictory information.

Stimulus Discrimination

The learned ability to differentiate between similar stimuli and respond appropriately to each.