Examlex
The exchange rate at which two parties agree to exchange currencies on a specified future date is called a ________ rate.
Intuition
The ability to understand something immediately, without the need for conscious reasoning, a "gut feeling."
Educated Guesses
Assumptions based on knowledge, experience, and logical reasoning, but without absolute certainty.
Hunches
Intuitive feelings or guesses without conscious reasoning, often based on experience.
Bounded Rationality
The concept that individuals make decisions based on the limited information available to them and their cognitive limitations.
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