Suppose You Purchase a Savings Bond Today for $25

question 23

Multiple Choice

Suppose you purchase a savings bond today for $25.In seven years you may cash in the savings bond for $50.What is the approximate interest rate paid by the savings bond?

• A)5%
• B)10%
• C)15%
• D)20%

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Definitions:

Fundamental Attribution Error

It is the tendency to overemphasize personality-based explanations for others' behaviors while underestimating the role of situational factors.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method or decision.

Correspondent Inference

The perceived quality of alternatives to the current relationship

Gender Differences

The distinctions in characteristics, roles, behaviors, and cultural/social expectations traditionally associated with being male or female.