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Why is wait time seen as an effective teaching techniques?
Gold Standard
A currency where the value is determined by the ability to trade it for a specified amount of gold (i.e., $1 for 1/35 of an ounce) at a government-approved bank.
Currency Value
The worth of a currency in terms of the amount of goods or services that one unit of the currency can purchase.
Government-Approved Bank
A financial institution that has received official authorization from the government to operate within certain regulatory standards.
Depreciation
The reduction in the value of an asset over time, particularly due to wear and tear.
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