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Recall that Sherif and his colleagues (1961) created conflict between two groups of boys in a summer camp. Once in-group cohesiveness was established, they set up a series of competitive situations such as tug-of-war and other competitive games. Conflict between the two groups escalated. This field study provided support for the ________ theory of prejudice.
International Bond
A debt investment that is issued in a country by a non-domestic entity, potentially denominated in a foreign currency, and sold to investors from around the world.
Purchasing Power Parity
Purchasing power parity is an economic theory that compares different countries' currencies through a "basket of goods" approach, assuming that exchange rates should adjust so that identical goods cost the same in different countries.
Exchange Rate
The price of one country's currency expressed in terms of another country's currency, facilitating international trade and finance.
Cross-Rate
The implicit exchange rate between two currencies (usually non-U.S.) quoted in some third currency (usually the U.S. dollar).
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