The Sense of Smell Can Be Considered a

question 9

Multiple Choice

The sense of smell can be considered a

• A) general sense.
• B) special sense.
• C) chemoreceptor.
• D) both B and C.

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Definitions:

Inflation

How fast the general price index for merchandise and services escalates, corroding the purchasing strength.

Spot Rate

The current market price of a currency, security, or commodity available for immediate delivery.

Interest Rate Parity

A theory asserting that the difference between the interest rates of two countries is equal to the difference between the forward exchange rate and spot exchange rate.

T-Bills

Short-term government securities issued at a discount from their face value, maturing in one year or less.