When Memory Tests Are Given to People of Various Ages

question 17

Multiple Choice

When memory tests are given to people of various ages at different times of the day, researchers have found that

• A) young adults do as well as older adults in the morning.
• B) young adults do considerably worse than older adults late in the day.
• C) young adults and older adults do equally well late in the day.
• D) older adults do considerably better than young adults in the morning.

---

Definitions:

Maturity Value

The amount to be paid to the holder of a financial instrument at the end of its term, including the principal and any accumulated interest or dividends.

Compounded Semi-annually

A method of calculating interest where the interest is added to the principal twice a year.

Strip Bond

A type of bond investment where the coupon payments and the principal are separated and sold individually as zero-coupon instruments.

Yield Rate

The annual income return on an investment, expressed as a percentage of the investment's price.