As Phoebe Gets Older,which of the Following Will She Probably

question 53

Multiple Choice

As Phoebe gets older,which of the following will she probably be more successful at memorizing?

• A)names with faces of people she has met
• B)digits such as phone numbers
• C)lists of words
• D)prose passages

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Definitions:

Compensating Balance

A portion of a loan that banks require borrowers to leave in their checking accounts. Effectively increases the bank’s yield. A minimum balance required to compensate banks for their services.

Checking Account

A bank account that allows depositors to write checks against deposited funds, making it easy to access and manage money for daily transactions.

Loan Cost

The total expense that a borrower incurs to take out a loan, including interest rates, fees, and any other charges.

Short-Term Loans

Short-term loans are financial obligations due for repayment within a year, often utilized for immediate cash flow needs.