As of Today, the Spot Exchange Rate Is €1

question 74

Multiple Choice

As of today, the spot exchange rate is €1.00 = $1.25 and the rates of inflation expected to prevail for the next three years in the U.S. is 2% and 3% in the euro zone. What spot exchange rate should prevail three years from now?

• A)€1.00 = $1.2379
• B)€1.00 = $1.2139
• C)€1.00 = $0.9903
• D)$1.00 = €1.2623

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Definitions:

Immediate Reinforcers

Stimuli that immediately follow a behavior and increase the likelihood of its future occurrence.

Delayed Reinforcers

Rewards or consequences that are not immediately presented after a behavior, which can nonetheless significantly impact future behavior.

Variable-Ratio

A schedule of reinforcement where a response is rewarded after an unpredictable number of responses.

Reinforced

Strengthened behavior through the application of a stimulus (positive reinforcement) or the removal of an undesirable stimulus (negative reinforcement).