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Fatima has developed a habit of taking longer and longer "breaks" to watch TV when she should be studying.Obviously, TV watching is reinforcing her break taking.To improve her study habits, Fatima could delay reinforcement by studying at the library or some other location a good distance from her TV.In this way, she will remove the reinforcement for "taking breaks." This strategy for breaking bad habits is known as
Forward Exchange Rate
The forward exchange rate is the agreed-upon exchange rate for a currency pair to be traded on a future date, protecting against currency fluctuations.
Exchange Rate
How much one currency is valued when converted into another currency.
Forward Rate
An agreed-upon price for a financial transaction that will occur at a future date, used in the context of foreign exchange and interest rates.
Exchange Rate
The rate at which two different currencies can be traded for each other, affecting global commerce and investment opportunities.
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