If the Direct Quotation for the Euro Is $1

question 51

Multiple Choice

If the direct quotation for the euro is $1.3565/euro, what is the size of the indirect quotation?

• A)0.2415
• B)0.6435
• C)0.7372
• D)0.3565

---

Definitions:

Fundamental Attribution Error

The tendency to overestimate personality-based explanations for others' behaviors while underestimating situational factors.

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort from holding two or more conflicting beliefs, values, or attitudes, often leading to a change in beliefs or behaviors.

Role

A set of expectations (norms) about a social position, defining how those in the position ought to behave.

Cognitive Dissonance

A state of conflict or discomfort experienced when holding contradictory beliefs, values, or attitudes.