You Decide That Instead of Writing Down Your Grocery List,you

question 2

Multiple Choice

You decide that instead of writing down your grocery list,you want to try out one of the mnemonic strategies you read about in your textbook.To that end,you try to associate each item on the list with a different room in your house.Which mnemonic strategy are you using?

• A) acronym
• B) pegging
• C) method of loci
• D) verbal

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Definitions:

Invest

Allocating resources, usually money, in the expectation of generating an income or profit.

Interest Rate

It is the amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Compounded Quarterly

The process of calculating interest and adding it to the principal sum of a deposit or loan on a quarterly basis, leading to interest on interest.

Quarterly Deposits

Deposits made into an account or investment vehicle at regular intervals every three months within a year.