The Future Value of a Deposit in a Savings Account

question 181

Multiple Choice

The future value of a deposit in a savings account will be larger

• A)the longer a person waits to withdraw the funds.
• B)the higher the interest rate is.
• C)the larger the initial deposit is.
• D)All of the above are correct.

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Definitions:

Positive Reinforcement

A technique in behavior modification that involves rewarding a desirable behavior to increase the likelihood it will be repeated.

Negative Reinforcement

Removing an unpleasant or negatively valued stimulus from a situation, thereby strengthening the behavior that precedes this removal.

Intermittent Reinforcement

A conditioning schedule in which a reward is not given every time the desired response is performed, enhancing the response's resistance to extinction.

Peer Pressure

Influence exerted by a peer group, encouraging individuals to change their attitudes, values, or behaviors to conform to group norms.