Which One of the Following Statements Is TRUE

question 16

Multiple Choice

Which one of the following statements is TRUE?

• A) Not all forms of currency are accepted equally well by the public as a medium of exchange.
• B) Checkable and debitable account balances are not money, but currency is.
• C) Checkable and debitable accounts are considered money by law in only 15 states.
• D) The value of the dollar rises along with the increases in the consumer price index.

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Definitions:

Working Memory

A cognitive system responsible for temporarily holding and processing information necessary for complex cognitive tasks like learning, reasoning, and comprehension.

Spacing Effect

The phenomenon whereby learning is facilitated when study sessions are spaced out over time instead of being crammed into one session.

Implicit Memory

A type of memory that enables us to perform tasks without conscious awareness of these previous experiences.

Explicit Memory

A type of long-term memory that involves conscious recollection of previous experiences or information.