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A Credit-Card Company Is Not Required to Provide Advance Notice

question 32

True/False

A credit-card company is not required to provide advance notice to consumers before changing credit-card terms.


Definitions:

Carryover Effect

A phenomenon where the effect of a previous condition persists and influences performance in subsequent conditions in a study.

Self-Serving Bias

A cognitive bias where individuals attribute their successes to internal factors and their failures to external factors.

Negative Wording

Phrasing questions or statements in a survey or test in a way that assumes a negative outcome, which can influence responses.

Loaded Questions

Questions that contain a controversial or unjustified assumption or that compel the respondent towards a particular answer.

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