Exchange Rates

question 63

Multiple Choice

Exchange rates:

• A)are always fixed between the currencies of two countries.
• B)fluctuate to equate the quantity of foreign exchange demanded with the quantity supplied.
• C)fluctuate to equate imports and exports.
• D)fluctuate to equate interest rates in various countries.
• E)fluctuate according to agreements between the governments of various countries.

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.