An Increase in the Value of the Domestic Currency in Terms

question 131

Multiple Choice

An increase in the value of the domestic currency in terms of the foreign currency means that ________.

• A) the domestic currency has appreciated and the nominal exchange rate has risen
• B) the domestic currency has depreciated and the nominal exchange rate has fallen
• C) the domestic currency has appreciated and the nominal exchange rate has fallen
• D) the domestic currency has depreciated and the nominal exchange rate has risen

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Definitions:

Primary Reinforcers

Fundamental stimuli that satisfy biological needs, such as food, water, and warmth, which are innately satisfying without prior learning.

Secondary Reinforcers

Stimuli that do not innately satisfy a need but acquire reinforcing qualities through association with primary reinforcers.

Construct

An abstract concept or a theoretical variable that is intentionally created to understand and explain behavior or phenomena in psychology.

Schema

Cognitive frameworks or concepts that help individuals organize and interpret information, based on their experiences and prior knowledge.