Sophia Competes Successfully at Local Spelling Bees

question 68

Multiple Choice

Sophia competes successfully at local spelling bees.The two-factor theory of intelligence predicts that Sophia:

• A)is an expert musician.
• B)enjoys chess.
• C)does well in her algebra class.
• D)receives lower-than-average grades in biology class.

---

Definitions:

Investor

An individual or organization that allocates capital with the expectation of achieving a financial return.

Promissory Note

An economic tool comprising a formal pledge by one entity to give a specific amount of money to another, either upon request or at a predetermined future time.

Term Deposit

A type of financial account where money is deposited for a fixed period and a predetermined interest rate, offering higher interest rates than savings accounts but with restricted access to funds.

Simple Interest

A technique for computing interest in which the interest expense is calculated solely on the initial amount of the principal.