Using the Rule of 70,about How Much Would $100 Be

question 158

Multiple Choice

Using the rule of 70,about how much would $100 be worth after 50 years if the interest rate were 7 percent?

• A)$400
• B)$800
• C)$1,600
• D)$3,200

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Definitions:

Neo-analytic

Pertains to a school of thought in psychology that revises and expands upon Freudian and pre-Freudian psychoanalytic theories, emphasizing social and cultural factors more.

Repression

A defense mechanism where distressing thoughts, memories, or desires are excluded from the conscious mind.

Defense Mechanism

Psychological strategies employed unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Displacement

A defense mechanism in which an individual redirects emotion or reaction from the original source to another target.