Deliberate Actions by a Central Bank to Influence the Exchange

question 32

Multiple Choice

Deliberate actions by a central bank to influence the exchange rate are known as

• A)current account actions.
• B)foreign-exchange market interventions.
• C)dollar-value operations.
• D)foreign-commerce maneuvers.

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Definitions:

Social Loafing

The behavior of individuals demonstrating decreased effort in goal achievement while in a group setting versus when working independently.

Ringelmann Effect

Describes the tendency for individual members of a group to become increasingly less productive as the size of the group increases.

TAT

The thematic apperception test, a projective psychological test used to reveal a person's social drives or needs by their interpretation of a series of pictures of emotionally ambiguous situations.

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.