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Convert the Following Direct Quote to a Dollar Indirect Quote

question 7

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Convert the following direct quote to a dollar indirect quote: 1 Malaysian ringget = $0.2875


Definitions:

Certainty Effect

A cognitive bias where people give greater weight to outcomes that are certain, compared to outcomes that are only probable.

Reactance

An inspired response to propositions, individuals, guidelines, or policies that challenge or remove certain freedoms of behavior.

Risk Aversion

In decision making, the greater weight given to possible losses than possible gains.

Temporal Discounting

The tendency to value immediate rewards more highly than future rewards, leading to impulsive decisions.

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