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Mr. Dannemiller has recently been diagnosed with Korsakoff's syndrome. His doctor decides to give him a neuropsychological evaluation to assess his memory. He is given two tasks, one is to remember a list of twenty words and one is to remember a rather lengthy and detailed story about a little girl going to camp for the first time. When he is tested for his memory for both tasks, his doctor notices some prominent deficits. Describe three specific types of memory deficits that the doctor is likely to note, given Mr. Dannemiller's condition.
Variable Rate
An interest rate that can change, in contrast to a fixed interest rate, and is often associated with loans or savings accounts.
Prime Rate
The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in lending rates.
Forward Contract
A bespoke contract between two parties for the future exchange of an asset, set at a price determined today, to occur at a specific later date.
Spot Market Price
The current market price at which a particular asset, such as a commodity, currency, or security, can be bought or sold for immediate delivery.
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