Earned Interest on My Savings Account Essay Example | Topics and Well Written Essays - 250 words

Earned Interest on My Savings Account - Essay Example Although the interest earned with certificate of deposit is higher than for a savings accounts, my decision for choosing the saving instrument would also be driven by some other factors. In a certificate of deposit, the money will remain locked for 5 years whereas in a savings account, I can withdraw and use the money whenever I need. Secondly, if at a certain time, the inflation starts increasing, the real value of the investment in the CD would become significantly lower than the money at hand in the savings account. For example, if after 2 years, the inflation reaches say more than 5% and remains there for the next 3 years, then the real value of the final amount I would receive from the CD would be much less than the actual balance at the end of 2 years in the savings account that I may have used already. On the other hand, if I expect the inflation to drop in the coming years, CD would be a more attractive option.

The Wechsler Intelligence Scale for Children Fourth Edition Essay

The Wechsler Intelligence Scale for Children Fourth Edition - Essay Example The Wechsler Intelligence Scale for Children Fourth Edition The children that I work with are ages 11-16 which make it an appropriate test. The first version of this test was published in 1949 and today it is the "most widely used individual intelligence test for children," (Hogan, 2005, p. 306) surpassing the Stanford Binet. "The aggregate or global capacity of the individual to act purposefully, to think rationally, and to deal effectively with his environment" (Hogan, p. 297). He also said that intelligence was more than a childs intellectual ability; it also concluded that "the capacity to do intellectual work is a necessary and important sign of general intelligence" (Wechsler, 1952, p. 12 as quoted in Hogan, p. 297). In other words, Wechsler understood that children had the capacity to think on their own and to develop intelligence in more than one way. The original test was an extension of an adult test called the Wechsler-Bellevue test. It included three sub-sections that were not seen before on any intelligence scale: digit span, symbol search and mazes span (Gregory, 1996, p. 209). The test was revised in 1974 (WISC-R), again in 1991 (WISC-III) and in 2003, which is the current version of the WISC-IV (Niolin, 2005). As the WISC-III was being used, some researchers found that they could use Verbal and Performance IQ, and these could be supplemented by a third test that they labeled Freedom from Distractibility (Niolin, 2005).