When a Person Deposits Money in a Bank, It Is

question 154

Multiple Choice

When a person deposits money in a bank, it is:

• A)only an asset for the bank.
• B)only a liability for the bank.
• C)a liability and an asset for the bank.
• D)most likely to result in a decrease in the money supply.

---

Definitions:

Regret

A feeling of sadness, repentance, or disappointment over something that one has done or failed to do.

False Consensus Effect

The cognitive bias to overestimate how much others share one’s beliefs, attitudes, and behaviors.

Nonconformist

An individual who does not conform to conventional or mainstream rules or practices.

Illusion Of Control

The tendency for people to overestimate their ability to control events, leading to unrealistic expectations about the impact of their actions.