When a Person Starts Working Toward One Goal and the Mind

question 104

Multiple Choice

When a person starts working toward one goal and the mind automatically shuts off other goals from consciousness, ____ is said to have occurred.

• A)goal shielding
• B)self-regulation
• C)tradeoffs
• D)monitoring

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Definitions:

Nominal Interest

The stated interest rate on a loan or investment, not accounting for inflation or compounding effects.

Compounded Nominal

Refers to the nominal interest rate which is compounded at certain intervals over a specified period but not necessarily reflecting the actual annual rate of return.

Annuity

An annuity is a financial instrument that provides a consistent series of payments to a person, often serving as a source of income for those who have retired.

Annuitant

The individual entitled to receive payments from an annuity contract, usually during retirement.