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The study of dendrochronology allows scientists to attempt to correlate environmental influences with the production of tree rings. Below is some data relating to the width of each ring in a sample oak tree. We will assume that one ring is produced each year. The rings are labeled #1-4, with the ring just below the bark representing the growth from 2012. Drawing a diagram or chart may help you to visualize the position of these rings. #1 = 2.7 mm #2 = 1.03 mm #3 = 3.8 mm #4 = 1.88 mm In which year other than 2011 did the conditions not seem conducive to a rapid growth rate?
Arbitrageur
Someone who takes advantage of tiny differences in the exchange rate across markets by simultaneously purchasing a currency in one market and selling it in another market.
Foreign Exchange
Trading one currency for another or transforming one currency into a different currency.
Exchange Rate
The value of one currency for the purpose of conversion to another, indicating how much one country's currency is worth in terms of another's.
Foreign Exchange Rates
The price of one country's currency expressed in another country's currency, determining how much one currency is worth in terms of another.
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