In Comparing an MMDA to a NOW Account, the MMDA

question 23

Multiple Choice

In comparing an MMDA to a NOW account, the MMDA does all of the following, except

• A) the MMDA pays a higher interest rate.
• B) the MMDA has a maturity date whereas a NOW account does not.
• C) the MMDA provides more limited checking services.
• D) the MMDA is less liquid.

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Definitions:

Intermittent Reinforcement

A conditioning schedule where a response is only sometimes reinforced, known to significantly increase the rate of response and resistance to extinction.

Continuous Reinforcement

A form of learning in which a behavior is reinforced every time it occurs, leading to rapid acquisition of the behavior.

Extinction

In behavioral psychology, the gradual weakening and eventual disappearance of a conditioned response, typically because the reinforcement is withheld.

Social Learning Theory

A theory that suggests individuals learn behaviors, attitudes, and emotions through observing others, rather than through direct experience alone.