Luis Picks Up a Pack of Cigarettes and Reads, "Cigarette

question 176

Multiple Choice

Luis picks up a pack of cigarettes and reads, "Cigarette smoking is harmful to your health." Which one of the following statements leads one to believe Luis is actually having cognitive dissonance?

• A) "I've been smoking my whole life and I don't have health problems."
• B) "No one I know who smokes is sick."
• C) "I know these cigarettes are killing me but I just can't stop."
• D) "That is not true. Cigarettes are not that harmful."

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, and ensuring financial stability.

Commercial Banks

Commercial banks are financial institutions that accept deposits, offer checking account services, and make loans to individuals and businesses.

Reserve Requirements

Regulations set by central banks determining the minimum amount of reserves that must be held by a commercial bank.

Checkable Deposit Liabilities

These are bank account deposits that are immediately available to make payments and transfers, typically seen in checking accounts.