In Piaget's Theory of Cognitive Development, in Order to Solve

question 46

Multiple Choice

In Piaget's theory of cognitive development, in order to solve conservation problems, you must be able to

• A) focus on one aspect of a situation and fail to notice changes in other aspects.
• B) bring together and analyze contradictory thoughts or actions.
• C) understand that the amount, volume or mass of objects remains the same even if their appearance changes.
• D) organize concepts into a series of hierarchical categories.

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Definitions:

Fractional Reserve Banking

A banking system where banks hold a fraction of deposits as reserves and use the rest to make loans and create new money, underpinning most modern banking systems.

Federal Reserve Bank

The central banking system of the United States, responsible for regulating the nation's financial institutions and managing the country's monetary policy.

Unit Of Account

A commonly used numerical value that measures the market price of goods, services, and various transactions.

Commodity Money

Money that has intrinsic value because it is made of a commodity with its own value, such as gold or silver.