Employing the Single Word HOMES to Remember the Names of North

question 176

Multiple Choice

Employing the single word HOMES to remember the names of North America's five Great Lakes best illustrates the use of

• A) the spacing effect.
• B) the self-reference effect.
• C) acronyms.
• D) implicit memory.

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Definitions:

Discount Rate

The discount rate applied in the evaluation of discounted cash flow to ascertain the current worth of anticipated future cash flows.

Promissory Note

A fiscal agreement in which one side promises in writing to pay a fixed amount of cash to the other side, either immediately when demanded or on a future agreed date.

Promissory Note

A monetary tool involving a formal commitment from one party to compensate another party with a specific amount of money, either upon request or at an agreed future time.

Simple Interest

Interest reckoned only on the initial capital, disregarding compounded sums.