The Order of the Basic Memory Processes in Which Information

question 97

Multiple Choice

The order of the basic memory processes in which information enters the memory system and is later used is

• A)encoding, retrieval, and storage.
• B)encoding, storage, and retrieval.
• C)acquisition, elaboration, and storage.
• D)acquisition, encoding, and retrieval.

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Definitions:

Loan Term

The duration of time agreed upon by the lender and borrower for the repayment of a loan.

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from a central bank's discount window; or alternatively, used in discounted cash flow (DCF) analysis to present value future cash flows.

Present Value

The immediate value of a future amount of money or stream of payments, given a set rate of return.

Annuity

An investment vehicle that disburses a fixed series of payments to an individual, typically serving as an income provision for those who have retired.