If a Particular Currency of a Developed Country Is Consistently

question 32

Multiple Choice

If a particular currency of a developed country is consistently declining substantially over time, then a market-based forecast of that currency will usually have:

• A) underestimated the future exchange rates over time.
• B) overestimated the future exchange rates over time.
• C) forecasted future exchange rates accurately.
• D) forecasted future exchange rates inaccurately but without any bias toward consistent underestimating or overestimating.

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Definitions:

Variable-Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, used in behaviorist research.

Intermittently

Occurring at irregular intervals; not continuous or steady, often with pauses or breaks in between.

Variable Ratio

A reinforcement schedule where a response is rewarded after an unpredictable number of responses, making it a powerful method for conditioning stable and high rates of responding.

Reinforcement

In operant conditioning, a consequence that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.