People's Tendency to Remember Words at the Beginning and End

question 15

Multiple Choice

People's tendency to remember words at the beginning and end of a list better than words presented in the middle of the list is called the ____________.

• A)primacy effect
• B)serial position effect
• C)state-dependent memory
• D)recency effect

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Definitions:

Roth Retirement Plan

A retirement plan allowing individuals to contribute after-tax dollars, with tax-free withdrawals in retirement.

Hedge Labor Income

Strategies or financial instruments used to protect an individual's future income from employment against uncertainty or potential losses.

Risk Averse

A descriptive term for investors or individuals who prefer lower risk or uncertainties, often choosing investments with smaller potential returns to avoid losing money.

Retirement Savings Plan

A retirement savings plan is a financial arrangement designed to replace employment income upon retirement, which can include various types of accounts like 401(k)s and IRAs.