Assume That at the Beginning of 2012,1 Dollar Could Be

question 21

Multiple Choice

Assume that at the beginning of 2012,1 dollar could be traded for 5 yuan.If in 2013,1 dollar was being traded for 6 yuan,it can be concluded that ________.

• A) the dollar depreciated against the yuan and the yuan appreciated against the dollar in 2013
• B) the dollar appreciated against the yuan and the yuan depreciated against the dollar in 2013
• C) the nominal exchange rate did not change in 2013
• D) the real exchange rate changed in 2013, assuming PPP holds

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Definitions:

Maslow's Needs

A hierarchy of human needs proposed by Abraham Maslow, starting from basic physiological needs to safety, love/belonging, esteem, and self-actualization.

Attachment Theory

A psychological, evolutionary, and ethological theory concerning relationships between humans, particularly between a child and caregiver.

Adult Relationships

Interpersonal connections and dynamics amongst adults, which may include friendships, romantic relationships, and professional interactions.

Childhood Attachment

Emotional bonds formed by children with their caregivers, which are crucial for the child's personal development and emotional health.