Identify Each of the Three Memory Stores in Atkinson and Shiffrin's

question 200

Short Answer

Identify each of the three memory stores in Atkinson and Shiffrin's model of the human information-processing system, and note the capacity and duration of each store.

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Definitions:

Current Account

A component of a country's balance of payments that includes the trade balance, net income from abroad, and net current transfers.

Imports

Products and services imported into a country from overseas to be sold.

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, and bank deposits.

Current Account

A component of a country's balance of payments that measures the trade of goods and services, net earnings on investments, and transfer payments.