The Concept That the Order in Which We Are Presented

question 356

Multiple Choice

The concept that the order in which we are presented with information will affect how well we retrieve that information is called the ___ effect.

• A) site-specific
• B) hierarchical
• C) ordering
• D) serial position

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Definitions:

Compounded Monthly

Interest on an investment or loan calculated monthly and added to the principal sum for future interest calculations.

Pay Off

To settle a debt or obligation by making a payment, either in partial settlements or in full, to clear the owed amount.

Car Loan

A car loan is a financial agreement where a lender provides funds to a borrower for the purchase of a vehicle, which is paid back with interest over a set period.

Compounded Monthly

A method of calculating interest where the interest earned is added to the principal each month, and the next month's interest is calculated on this new total.