"We" Have All Different Types of Personalities and Lots of Endearing

question 148

Multiple Choice

"We" have all different types of personalities and lots of endearing little quirks, whereas "they" all think and act alike. This assumption would be an example of the cognitive schema called __________

• A) mindlessness.
• B) a stereotype.
• C) a fundamental attribution error.
• D) mental set.

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Definitions:

GIC

Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period, typically without the risk of losing the principal invested.

Investor

An individual or entity that allocates capital with the expectation of receiving financial returns.

Nominal Interest Rate

The interest rate as stated on a loan or financial product, not taking into account inflation or fees.

Annual Compounding

The method of accruing interest on the main amount of a deposit or loan annually.