One Theoretical Account of the Original (Number and Letter) Version

question 12

Multiple Choice

One theoretical account of the original (number and letter) version of the four-card problem states that the:

• A) uniformly poor performance on this task suggests that participants are reading it as a question of sufficiency
• B) uniformly poor performance on this task suggests that participants are reading it as a question of necessity
• C) results on this task reflect the fact that this task is ambiguous with respect to necessity and sufficiency rules
• D) performance on this task suggests that it cannot be cast in terms of necessity or sufficiency rules

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Definitions:

Needed Cash

The amount of liquidity a company or individual requires to meet immediate obligations or for short-term goals.

Commercial Paper

Commercial Paper is an unsecured, short-term debt instrument issued by corporations, typically for the financing of operating expenses and meeting short-term liabilities.

Maturity

The date when a financial instrument (like a bond) expires and the principal is to be paid back to creditors.

Annual Interest Rate

The percentage increase in money lent or invested over a one-year period, expressed as a percentage of the principal.