As You Read This Question, You Will Choose an Answer

question 17

Multiple Choice

As you read this question, you will choose an answer that you decide is correct by relating the question to information already stored in your long-term memory. The mental process taking place as you do this can best be explained by which of the following concepts?

• A) attention
• B) chunking
• C) rehearsal
• D) recognition

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Definitions:

Equivalent Interest

The equal effectiveness of different interest rates with respect to compounding periods over a specified period.

Nearest 0.01%

Rounding or approximating a numerical value to the closest one-hundredth of a percent.

Interest Rate

The percentage charged on a loan or paid on an investment for the use of money, calculated on an annual basis.

Nearest 0.01%

Rounding to the closest one-hundredth of a percent to simplify precision in calculations or representations.