NGPF Econ Final w Ms. E
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
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17 questions
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1.
FLASHCARD QUESTION
Front
Naresh started a new job and is having some of his paycheck deposited directly into a savings account. Which of the following values BEST explains why Naresh does this on a regular basis?
Back
Financial
2.
FLASHCARD QUESTION
Front
You hear your friends talking about a new, trendy restaurant that everyone on social media is raving about. Even though you weren’t really hungry and the prices are high, you decide to go and order a full meal because you don’t want to feel left out of the experience. This is an example of __________.
Back
FOMO
3.
FLASHCARD QUESTION
Front
What does FOMO stand for?
Back
Fear Of Missing Out
4.
FLASHCARD QUESTION
Front
Cognitive Bias: True or False, Awareness is often the first step to overcoming the influence of a cognitive bias.
Back
TRUE
5.
FLASHCARD QUESTION
Front
Select The Cognitive Bias: Andrew wants to buy a specific model of a new car. He conducts research and finds many resources that highlight the benefits of that car model. Which cognitive bias might be influencing Andrew’s decision making?
Back
Confirmation Bias
6.
FLASHCARD QUESTION
Front
True or False: Credit unions usually offer higher interest rates and higher fees compared to traditional banks.
Back
FALSE
7.
FLASHCARD QUESTION
Front
The Budgeting Rule: What is the __/__/__ rule?
Back
50/30/20
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