Credit Card Companies' Practice of Providing You with a Minimum

question 3

Multiple Choice

Credit card companies' practice of providing you with a minimum payment on your monthly bill likely influences payments to the companies' advantage.This influence occurs,at least in part,due to

• A)the availability heuristic.
• B)illusory correlation.
• C)representativeness heuristic.
• D)anchoring and adjustment.

---

Definitions:

Commercial Facilities

Premises or buildings used for commercial activities, such as retail stores, offices, or warehouses.

Private Nuisance

The use of property in such a way that it foreseeably interferes with a neighbour’s enjoyment of her property

Land Titles Office

A government office that registers legal documents relating to the ownership and boundaries of property, ensuring legal ownership.

Fee Simple

A type of freehold ownership where the owner has the most extensive property rights allowed by law.