Memory Illusions,such as Falsely Recalling the Word Sleep in a List

question 16

Multiple Choice

Memory illusions,such as falsely recalling the word sleep in a list of words,are thought to result from our reliance on the __________ heuristic.

• A)availability
• B)hindsight
• C)framing
• D)representativeness

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Definitions:

Cash

Money in the form of currency notes and coins that is used for transactions or held as part of financial assets.

Function Of Money

The function of money includes serving as a medium of exchange, a unit of account, a store of value, and sometimes, a standard of deferred payment.

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy, issuing currency, and supervising and regulating banks.

Money Supply

The overall level of financial resources available in an economy at a specific period, consisting of cash, coins, and funds in checking and savings accounts.