Thomasz Swears He Remembers the Cake and the Guests at the Party

question 440

Multiple Choice

Thomasz swears he remembers the cake and the guests at the party his parents held in honour of his fourth birthday.In reality,Thomasz merely remembers the snapshots of the event he viewed in his Mom's photo album much later in his childhood.Thomasz's manufactured memory reflects ___.

• A) source misattribution
• B) motivated forgetting
• C) imagination
• D) misinformation

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Definitions:

Discounted Note

A promissory note whose face value is reduced because it is sold or redeemable for less than its face value before its maturity date.

Maturity

The date on which a financial instrument (such as a bond, loan, or another form of debt) reaches its due date and the principal must be repaid.

Interest-bearing Note

A debt instrument that obligates the borrower to pay interest in addition to repaying the principal amount borrowed.

Journal Entry

The process of recording financial transactions in the ledger of a business, indicating debits and credits.