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Checking accounts are not money.
Accommodation
In cognitive development, the process by which individuals modify their existing mental frameworks or schemas to incorporate new information.
Organization
A structured arrangement of people and resources designed to achieve specific goals and objectives.
Sensorimotor Stage
The first stage of Jean Piaget's theory of cognitive development, where infants from birth to approximately 2 years old understand the world through their sensory experiences and motor actions.
Formal Operational
A stage in Jean Piaget's theory of cognitive development, where individuals develop the ability to think abstractly, logically, and systematically.
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