Using Stern's Intelligence Quotient, If Susie Is 6 Years Old

question 494

Multiple Choice

Using Stern's intelligence quotient, if Susie is 6 years old and has a mental age of the average 9-year-old, her IQ would be

• A)150
• B)130
• C)100
• D)90

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Definitions:

Interest Rate

The interest rate is the cost of borrowing money or the return on investment for savings, expressed as a percentage of the principal amount per period of time.

Large Denomination Time Deposits

Savings accounts or Certificates of Deposit (CDs) with high minimum deposit requirements, typically offering better interest rates but less liquidity.

M2

A measure of the money supply that includes cash and checking deposits as well as near money that can be easily converted to cash, like savings deposits, money market securities, and mutual funds.

M3

An indicator of the total money supply encompassing M2—which consists of cash, checking deposits, and readily convertible near money—along with substantial time deposits, institutional money market funds, and additional significant liquid assets.