n NISM Certifications
XVII NISM Series XVII
Medium

An investor in the accumulation phase has concentrated holdings in bank deposits, putting retirement goals at risk due to low returns. What behavioral bias is this?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 8 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Herd mentality

  2. B

    Anchoring

  3. Familiarity bias

    Correct answer

  4. D

    Confidence bias

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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