Which Statement Is TRUE About Skill Memories

question 47

Multiple Choice

Which statement is TRUE about skill memories?

• A) They are difficult to convey except by demonstration.
• B) They may be acquired without awareness.
• C) They require several repetitions.
• D) All of the statements are true.

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Definitions:

360-Day Year

A simplified accounting method where the year is assumed to have only 360 days for the purpose of interest calculations.

Exact Interest

Interest calculation method based on a 365-day year or actual number of days in a loan period.

365-Day Year

A method of computing interest where the basis for the calculation is a full 365-day year, used to give a more precise daily rate.

360-Day Year

An accounting practice assuming twelve 30-day months, used for simplicity in calculations and financial models.