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Contrary to Recommendations by Consumer Credit Counselors, Most Consumers Don't

Question 4

Multiple Choice

Contrary to recommendations by consumer credit counselors, most consumers don't keep written track of their purchases throughout the day and instead rely on their memory to account for recent spending. This memory accounting is referred to as _____.


A) informal budgeting
B) ad-hoc budgeting
C) secondary budgeting
D) cognitive budgeting
E) mental budgeting

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