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How can an import purchase result in an exposure to foreign exchange risk for the buyer?
System-1 Decision
Fast, automatic, intuitive responses or decisions, as categorized by dual-process theory in cognitive psychology.
Deliberating
The process of thoughtfully considering various aspects or options before making a decision.
System-1 Thinking
A fast, automatic, intuitive, and emotional way of thinking and decision-making, contrasted with more deliberate and logical System-2 thinking.
Situational Cues
Environmental or contextual signals that influence an individual's behavior, perception, or decision-making in specific situations.
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