TABLE 7.1 Use the Below Mentioned Table to Answer Following Question(s)

question 27

Multiple Choice

TABLE 7.1
Use the below mentioned table to answer following question(s) .
April 19, 2002, British Pound Option Prices (cents per pound, 62,500 pound contracts) .

-Refer to Table 7.1. What was the closing price of the British pound on April 18, 2002?

• A) $1.448/£
• B) £1.448/$
• C) $14.48/£
• D) None of the above

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Definitions:

Discriminative Operant

A behavior that is more likely to be performed in the presence of a specific stimulus because the behavior has been reinforced in the presence of that stimulus in the past.

Stimulus Generalization

The process in which a conditioned response is observed, not only to the original stimulus but also to similar stimuli.

Discrimination Learning

A process by which an organism learns to respond differently to various stimuli, distinguishing between similar but distinct cues.

Excitatory Generalization Gradient

The tendency for the conditioned response to be elicited by stimuli that are similar to the conditioned stimulus.