Someone Asks You to Name the Twenty-Second President of the United

question 53

Multiple Choice

Someone asks you to name the twenty-second president of the United States, but you can't remember. To aid your memory, the person then tells you that the president's name is the same as that of a large city on Lake Erie. Upon hearing the hint, you instantly realize that Grover Cleveland is the answer. In this situation, the hint acted as a(n)

• A) elaborative rehearsal cue.
• B) cross code.
• C) structural cue.
• D) retrieval cue.
• E) mnemonic cue.

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Definitions:

Internal Rate of Return

The metric used to estimate the profitability of potential investments, calculated as the discount rate that makes the net present value of all cash flows equal to zero.

Cash Outlay

The total amount of cash that is spent by a business or organization for certain purposes or activities, including investments or expenses.

Present Value Factors

Quantitative metrics used to calculate the current worth of a future sum of money or stream of cash flows given a specific discount rate.

Present Value

The value today of a sum of money or cash flows expected in the future, calculated with a certain rate of return.