The Fed

question 159

Multiple Choice

The Fed

• A) clears checks.
• B) holds depository institutions' reserves.
• C) is the government's banker.
• D) supplies Federal Reserve Notes.
• E) all of the above

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Definitions:

Early Selection

A theory in attention that suggests stimuli are filtered or selected to be attended to at an early stage of processing, based on physical characteristics.

Sensory Memory

The shortest-term element of memory, which stores sensory impressions for a very brief period, allowing us to experience the world as a continuous stream.

Task Simplicity

Refers to the degree to which a task or activity is straightforward and uncomplicated, requiring a minimal cognitive load or effort to complete.

Tip-of-the-Tongue Phenomenon

A common cognitive experience where a person is unable to fully recall a familiar word or name, despite feeling that retrieval is imminent.