Steve Just Joined a Fraternity

question 144

Multiple Choice

Steve just joined a fraternity. He was introduced to 55 new "brothers". If asked to recall all of their names, which ones would he be most likely to struggle with?

• A)The names of brothers in the middle of the group
• B)The names of brothers at the beginning of the group
• C)The names of brothers at the end of the group
• D)Any names that were strange or peculiar

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Definitions:

Bankers' Acceptances

Short-term debt instruments issued by a company that is guaranteed by a commercial bank.

Eurodollars

Deposits held in U.S. dollars at banks outside the United States, often used in international lending.

Repos

Short for repurchase agreements, a form of short-term borrowing for dealers in government securities.

Federal Funds

Funds in a bank’s reserve account at the Federal Reserve Bank.