When You Have to Make a Long-Distance Call,dialing an Unfamiliar

question 108

Multiple Choice

When you have to make a long-distance call,dialing an unfamiliar area code plus a seven-digit number,you are likely to have trouble retaining the just-looked-up number.This best illustrates the limited capacity of ________ memory.

• A) long-term
• B) implicit
• C) short-term
• D) explicit

---

Definitions:

Salary Deferral Plan

A type of retirement plan where employees opt to defer a portion of their salary, which is then invested on a pre-tax basis until withdrawal at retirement.

Compounded Semi-Annually

A method of calculating interest where the accrued interest is added to the principal amount twice a year, leading to interest on interest.

Month-End Contributions

Payments or deposits made towards an account or investment, typically recorded at the end of the month.

Monthly Payments

Monthly Payments are regular payments made once a month, commonly associated with loans or leases.