You Have Just Landed in Paris with AU$1 000 in Your

question 87

Multiple Choice

You have just landed in Paris with AU$1 000 in your wallet. At the foreign exchange booth, you see that euros are being quoted at $1.54/€. How many euros can you exchange for your $1 000?

• A)644.52 euros
• B)1 005.99 euros
• C)645.16 euros
• D)654.61 euros

---

Definitions:

Behavioral Interpretation

The process of understanding actions and reactions through psychological principles.

Ultimate Attribution Error

The tendency to believe that bad actions by outgroup members occur because of their internal dispositions and good actions by them occur because of the situation, while believing the reverse for ingroup members.

Ingroup Bias

The tendency to favor members of one's own group over those in other groups, often leading to preferential treatment and positive evaluations of ingroup members.

Outgroup Derogation

A phenomenon in which an out-group is perceived as being different from and inferior to the in-group.