Description of image

Question 19

"Cooling-off" rules give consumers time to cancel certain purchases; some jurisdictions require them for door-to-door sales or time-share purchases, but they're not universal. The general consumer mindset — the useful habit — is to build a personal cooling-off routine: wait 24–72 hours before committing to big purchases, and use that time to check alternatives. Cooling-off is less a legal tool and more a self-imposed behavioral nudge that helps avoid regret purchases. This question asks you to identify which option matches the consumer-style cooling-off approach.

What's the consumer cooling-off habit that reduces impulse regret?

Did You Also Know...

By Wise Wallet

Compound interest causes savings and investments to grow faster over time, which is why “time in the market” compounds advantage.