The Exchange Rate Is The

question 19

Multiple Choice

The exchange rate is the:

• A) value of one currency expressed in terms of another currency.
• B) reciprocal of a currency's real value.
• C) value of a currency expressed in terms of the goods and services it can buy.
• D) value of a currency adjusted for inflation.

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Definitions:

Generalization

In psychology, the tendency to respond in the same way to different but similar stimuli; in learning, it's the application of past learning to new situations.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, gender, or disability.

Extinction

In behavioral psychology, the process by which a previously reinforced behavior is weakened by no longer being reinforced, leading to a decrease in the occurrence of the behavior.

Generalization

The process by which individuals apply learned behaviors and responses to similar but new situations.