When the Value of the British Pound Changes from $1

question 61

Multiple Choice

When the value of the British pound changes from $1.25 to $1.50, the pound has ________ and the Canadian dollar has ________.

• A) appreciated; appreciated
• B) depreciated; appreciated
• C) appreciated; depreciated
• D) depreciated; depreciated

---

Definitions:

Illusory Correlation

Illusory correlation is the cognitive bias of perceiving a relationship between variables, typically events or behaviors, even when no such relationship exists.

Censoring Dissent

The act of suppressing opinions that are contrary to those of the majority or in power, often seen in political, social, or cultural contexts.

Group Polarization

The phenomenon where the attitude of a group becomes more extreme than the initial attitude of its members following group discussions.

Outgroups

Groups of people not belonging to the main or dominant group, often perceived as different or outside the main group.