When Banks Store Your Money in a Checking Account, They

question 195

Multiple Choice

When banks store your money in a checking account, they give you checks. These checks:

• A)become liabilities to you.
• B)become assets of the bank.
• C)are another form of money.
• D)make your money more liquid.

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Definitions:

Consciousness

The condition of being conscious and cognizant of the environment, one's thoughts, and emotions.

Cocktail Party Effect

The ability to focus one's auditory attention on a particular stimulus while filtering out a range of other stimuli, almost as if at a noisy party.

Attention

The act of mentally directing focus towards a particular part of the environment, disregarding other elements.

Selective Attention

The cognitive process of focusing on one particular object or task in the presence of multiple stimuli or distractions.