The Most Accurate Measure of the International Value of the UK

question 10

Multiple Choice

The most accurate measure of the international value of the UK pound is

• A) an exchange rate index that accounts for many exchange rates.
• B) the yen/pound exchange rate.
• C) the pound/dollar exchange rate.
• D) the euro/pound exchange rate.
• E) the Swiss franc/pound exchange rate.

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Definitions:

Variable-Ratio

A schedule of reinforcement where a response is rewarded after an unpredictable number of responses.

Fixed-Interval

In operant conditioning, a fixed-interval schedule is a reinforcement pattern where a response is rewarded only after a specified amount of time has elapsed, leading to a response pattern where actions are more frequent as the time for reward approaches.

Punishment

An event that decreases the behavior it follows.

Negative Reinforcers

Stimuli that, when removed after a behavior, increase the likelihood of that behavior being repeated in the future.