Suppose There Are Two Countries (Country a and Country B)each

question 20

Multiple Choice

Suppose there are two countries (country A and country B) each with its own currency (Currency A and Currency B) . Suppose the exchange rate is expressed in terms of amount of Currency B needed to get Currency A. A strengthening of Currency A would show up as

• A)an increase in the exchange rate.
• B)a decrease in the exchange rate.
• C)an increase in the interest rate
• D)a decrease in the interest rate

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Definitions:

Being Shocked

The experience of sudden and intense surprise or dismay, often as a result of an unexpected event or discovery.

Obedience Study

A research experiment that investigates how individuals comply with authority, famously exemplified by Stanley Milgram's experiments.

Explicit Prejudice

A form of prejudice that individuals are consciously aware of and can express directly and openly.

Implicit Prejudice

Unconscious biases or attitudes towards certain groups of people that individuals may not be aware of.