The Relatively Permanent and Limitless Storehouse of the Memory System

question 26

Multiple Choice

The relatively permanent and limitless storehouse of the memory system is called ________ memory.

• A) sensory
• B) long-term
• C) working
• D) implicit

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Definitions:

Interest Rate

The cost of borrowing money or the return on saving, expressed as a percentage of the principal amount per period.

Elastic

A characteristic of a good or service that describes its responsiveness to changes in price; highly sensitive to price changes.

Rents

Payments made to the owner of a property (such as land, buildings, or apartments) for the use of that property.

Sub-prime Lending

The practice of making loans to borrowers who are considered to be at higher risk of default, typically due to having a poor credit history.