If You Have to Remember to Buy Five Things from the Store

question 14

Multiple Choice

If you have to remember to buy five things from the store but you can't write them down on a list you might try rehearsing them in your mind. This process is called _______.

• A) working memory
• B) buffered memory
• C) string memory
• D) active memory

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Definitions:

Future Value

The amount of money an investment is expected to grow to over a period at a specified rate of interest or return.

Interest Factors

Mathematical factors used to calculate the future or present value of cash flows based on an interest rate.

Compound Interest

Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.