Operational Definitions Move Constructs from the World of Abstract Concepts

question 98

True/False

Operational definitions move constructs from the world of abstract concepts to the empirical world where they can be measured.

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Definitions:

Value of the Dollar

A measure of the U.S. dollar's strength relative to other currencies, impacting international trade and investment.

Spot Exchange Rate

The prevailing rate at which one currency can be swapped for another for instant settlement.

Spot Trade

A deal where financial instruments or commodities are swapped right away.

Eurobanks

Banks located outside their country of incorporation that deal predominantly in Eurocurrencies – currencies held outside their country of origin.