In Front of Jane There Are Three Balls, Three Teddy

question 28

Multiple Choice

In front of Jane there are three balls, three teddy bears, three pencils, and three apples. Jane studies the groups and realizes that each one shares the property of "threeness." She is demonstrating what concept?

• A)number recognition
• B)numerical equality
• C)cognitive arithmetic relationship
• D)Jane is not recognizing any of these concepts.

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Definitions:

Effective Annual Rate

The effective annual rate is the actual return on an investment after accounting for compounding interest over a one-year period.

Nominal Annual Rate

The interest rate stated on a loan or investment agreement, not adjusted for inflation or other factors that affect real value.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, done monthly.

Invest

The act of allocating resources, usually money, with the expectation of generating an income or profit.