Examlex

Solved

Focusing of One's Attention on One Salient Characteristic of a Situation

question 66

Short Answer

Focusing of one's attention on one salient characteristic of a situation while excluding all other characteristics.


Definitions:

Pegged Exchange Rate

A fixed exchange rate system in which a currency's value is fixed against the value of another currency or a basket of other currencies.

Chinese Yuan

The official currency of the People's Republic of China, used as a medium of exchange in mainland China.

Inflation

The rate at which the general level of prices for goods and services rises, eroding purchasing power.

Fixed Exchange-Rate System

A monetary system in which the value of a nation's currency is fixed to the value of a single currency, a group of currencies, or a tangible asset such as gold.

Related Questions