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Question # 46

A client keeps an inherited vacation home despite high costs, saying, “It’s part of the family.” Which bias is evident?

Options:

A.

Status quo bias

B.

Endowment effect

C.

Anchoring

D.

Representativeness

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CFP Overview

Name Financial Planner (CFP)
Code CFP
Vendor Finance, Insurance and Real Est
Certification Certified Financial Planner Board of Standards Inc. (CFP Board)

CFP Questions