An Exchange-Rate System in Which the Nominal Exchange Rate Is

question 67

Multiple Choice

An exchange-rate system in which the nominal exchange rate is set by the government is known as

• A)a flexible exchange-rate system.
• B)a floating exchange-rate system.
• C)a fixed exchange-rate system.
• D)an exchange-rate union.

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Definitions:

Response Rate

The frequency at which a specific behavior is performed, often measured in experimental or observational studies to determine the effect of variables.

Fixed-Interval Reinforcement

A reinforcement schedule in which the initial response is reinforced only after a certain period of time has passed.

Extinguish

In psychology, to diminish or eliminate a learned response, typically by no longer pairing the stimulus with the reinforcement.

Fixed-Ratio Schedules

A type of reinforcement schedule in operant conditioning where a response is reinforced only after a specified number of responses, leading to a high and steady response rate.