You Checked the $/€ Exchange Rate a Week Ago and You

question 29

Multiple Choice

You checked the $/€ exchange rate a week ago and you found that one Euro cost you $1.2432.When you checked the $/€ exchange rate again yesterday one Euro was trading at $1.2343.By how much did the value of the U.S Dollar appreciate (depreciate) ?

• A) depreciated by 0.72%
• B) appreciated by 0.72%
• C) depreciated by 1.24%
• D) appreciated by 1.24%

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Definitions:

Social Cognitive

Refers to the use of cognitive processes in relation to understanding the social world, emphasizing the role of observational learning, imitation, and modeling.

Psychodynamic

A theoretical approach in psychology that emphasizes the systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experience.

Trait

A consistent, enduring way of thinking, feeling, or behaving.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.