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What Is the Difference Between Primary and Secondary Credit Offered

question 43

Essay

 What is the difference between primary and secondary credit offered by the Fed and who would use secondary credit? 


Definitions:

Mental Age

A measure of an individual's cognitive abilities expressed in terms of the average age at which a normal individual reaches the same level of ability.

Reasoning Skills

The ability to think, conclude, and apply logical processes to solve problems, make decisions, and understand complex concepts.

WAIS

The Wechsler Adult Intelligence Scale, a standardized test designed to measure adult intelligence and cognitive ability.

Working Memory

A cognitive system responsible for temporarily holding information available for processing and manipulation.

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