The Exchange Rate System Agreed to in 1944,in Which the U.S.government

question 68

Multiple Choice

The exchange rate system agreed to in 1944,in which the U.S.government agreed to buy or sell gold at a fixed price of $35 per ounce,is referred to as

• A)the gold standard.
• B)the Bretton Woods System.
• C)a floating currency standard.
• D)a flexible exchange rate system.

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Definitions:

Higher-Order Conditioning

In classical conditioning, a procedure in which a neutral stimulus becomes a conditioned stimulus through association with an already established conditioned stimulus.

Spontaneous Recovery

Spontaneous recovery is a phenomenon in psychology where a previously extinguished response re-emerges after a period of no exposure to the conditioned stimulus.

Little Albert

An early 20th-century experiment in psychology demonstrating classical conditioning by inducing a fear response in a young child to previously neutral stimuli.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.