If Requirements for Having a Credit Card Become Stricter, So

question 159

True/False

If requirements for having a credit card become stricter, so that fewer people qualify for one, the demand for money will decrease.

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Definitions:

Cognitive Needs

Cognitive needs are the mental requirements of an individual for understanding, discovering, and making sense of the world around them.

Hierarchy of Needs

A theory by Abraham Maslow outlining a pyramid of human needs, from basic physiological needs to the need for self-actualization.

Metapathology

The study or theory of underlying psychological dysfunction or disease.

Self-Actualizing Person

A term coined by Abraham Maslow referring to an individual who has achieved the highest level of psychological development and is fully realizing their potential.