Which Central Bank Has Its Exchange Rate as a Focus

question 61

Multiple Choice

Which central bank has its exchange rate as a focus of its monetary policy?

• A) Bank of Canada
• B) Bank of England
• C) European Central Bank
• D) Federal Reserve

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly presented along with an unconditioned stimulus.

Unconditioned Stimulus

A stimulus that automatically triggers a response without any need for prior learning.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually triggers a conditioned response.

Unconditioned Reinforcer

A stimulus that naturally and automatically triggers a response without any need for learning, such as food for a hungry animal.