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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.

Correct Answer:

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