If Exchange Rates Were Fixed, Investors and Traders Would Be

question 1

True/False

If exchange rates were fixed, investors and traders would be relatively certain about the current and near future exchange value of each currency.

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Definitions:

Hierarchy Of Motives

A theory suggesting that human needs are arranged in a hierarchy, with basic needs being addressed before higher-level needs.

Drive-Reduction Theory

A theory suggesting that behavior is driven by the need to reduce drives such as hunger, which creates a state of tension.

Physiological Need

a basic bodily requirement that humans need to survive, like food, water, and shelter.

Homeostasis

The self-regulating process by which biological systems maintain stability while adjusting to changing external conditions.