According to the Monetary Approach,the Exchange Rate Can Be Expressed $\frac { M _ { \$ } } { M _ { £ } }$

question 19

Multiple Choice

According to the monetary approach,the exchange rate can be expressed as

• A)S = \(\frac { M _ { \$ } } { M _ { £ } }\) × \(\frac { V _ { \$ } } { V _ { £ } }\) × \(\frac { y _ { t } } { y _ { \$ } }\)
• B) \(P _ { \$ }\) = \(\frac { M _ { \$ } V _ { \$ } } { y _ { \$ } }\)
• C)S = \(\frac { M _ { \$ } } { M _ { £ } }\) × \(\frac { V _ { \$ } } { V _ { £ } }\) × \(\frac { y _ { \$ } } { y _ { £ } }\)
• D)none of the options

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Definitions:

Zajonc's Hierarchy

A theory that proposes the sequence of cognitive processes involved in the appraisal of stimuli, emphasizing the primacy of affective responses over cognitive evaluations.

Effects Model

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ABC Model

A framework in cognitive behavioral therapy (CBT) that describes the relationship between an event (Activating event), beliefs (Beliefs), and consequences (Consequences).

Attitude Components

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