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Explain Why Australia's Currency Is Suitable to Use as a Medium

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Essay

Explain why Australia's currency is suitable to use as a medium of exchange.
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Definitions:

Variable-Interval Schedule

A reinforcement schedule in operant conditioning where responses are rewarded after unpredictable intervals of time.

Fixed-Ratio Schedule

In behavioral psychology, it's a schedule of reinforcement where a response is reinforced only after a specified number of responses, promoting a high and steady rate of response.

Reinforcing

In behavioral psychology, refers to any consequence that strengthens or increases the likelihood of a behavior being repeated.

Partial Reinforcement

A conditioning schedule in which a reward is not administered every time the desired behavior is performed, leading to more resistant behavioral patterns.

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