Questions

Open market operations (OMO) refer to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system.

It is a useful, memory-saving technique for multiprogrammed timesharing systems. A Reentrant Procedure is one in which multiple users can share a single copy of a program during the same period. Reentrancy has 2 key aspects: The program code cannot modify itself, and the local data for each user process must be stored separately. Thus, the permanent part is the code, and the temporary part is the pointer back to the calling program and local variables used by that program. Each execution instance is called activation. It executes the code in the permanent part, but has its own copy of local variables/parameters. The temporary part associated with each activation is the activation record. Generally, the activation record is kept on the stack.

Note: A reentrant procedure can be interrupted and called by an interrupting program, and still execute correctly on returning to the procedure.

Jean Piaget was a cognitive psychologist who identified four stages of development: the sensorimotor stage from birth to 2 years, the preoperational stage from age 2 to age 7, the concrete operational stage from age 7 to 11, and the formal operational stage from age 11 to adult. He identified milestones that occur at each stage.

According to Piaget, the main task of the sensorimotor stage is for the child to learn the concept of object permanence, use senses and motor skills to understand the world.