The ______ Fallacy Suggests That Because Everyone Else Believes Something

question 36

Multiple Choice

The ______ fallacy suggests that because everyone else believes something or is doing something,that it must be valid,accurate,or effective.

• A)causal
• B)bandwagon
• C)hasty generalization
• D)red herring

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Definitions:

Redistribute

The act of allocating resources or wealth in a different manner, often aiming at a more equitable distribution.

Bond Trustee

A third party in a bond agreement who ensures that the issuer meets all terms and conditions for the benefit of bondholders.

Redemption Payments

Payments made to buy back or retire a financial instrument, such as bonds, from investors before its maturity date.

Callable Bond

A type of bond that gives the issuer the right to repay the bond before its maturity date, typically at a predefined call price.