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Consider the following two lists of words: List 1) man, mad, cap, can, map. List 2) big, huge, broad, long, tall. When presented with these two lists, research indicates that people usually have more difficulty accurately remembering List 1. Baddeley would argue that the reason List 2 is easier is because the list information would be stored in which component of working memory?
Ownership Claim
A declaration or assertion of legal rights to possess and use property.
Note Payable
A written promise to pay a specific amount of money, usually with interest, by a certain date.
Money Borrowed
Funds that have been provided by one party to another under the condition that it will be returned, often with interest.
Monetary Unit Assumption
An accounting principle that assumes transactions and events can be expressed in monetary units for recording and reporting.
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