Given the Following Information, What Is the Price Per Troy

question 239

Multiple Choice

Given the following information, what is the price per troy ounce that will be used for today's marking-to-market for the July silver contract?

Silver - 5,000 troy oz.: cents per troy oz.

• A) $5.97
• B) $6.10
• C) $61.00
• D) $61.17
• E) $610.00

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Definitions:

7 ± 2

A theory suggesting that the average person can hold about 7 (plus or minus 2) items in their working memory.

Miller

Refers to George A. Miller, a cognitive psychologist best known for his theory regarding the limit of short-term memory capacity, often summarized as "seven, plus or minus two" pieces of information.

Memory Capacity

Memory capacity refers to the amount of information that can be stored in the memory system at any given time.

Sensory Register

The component of memory that holds incoming sensory information for a very short period of time, almost like a snapshot.