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i agree.LordPc said:repitition is probably the most effective way of memorising anything like we know our phone numbers and mobile numbers cause we use them so often that we need to know them.
so if you wrote down every formula u need to know for physics or a bunch of definitions of key terms for economics or something and looked at them at everyday you could very well have them memorised
but doubt this method would work in conjunction with the "night before the exam" study technique
acronyms work for some people but usually there arent any vowels.