The Nominal Exchange Rate Between the U

question 33

Multiple Choice

The nominal exchange rate between the U.S.dollar and the Croatian kuna is the:

• A)number of kuna you can get for one dollar.
• B)number of kuna you can get for lending one dollar in Croatia for one year.
• C)price of U.S.goods divided by the price of Croatian goods.
• D)price of Croatian goods divided by the price of U.S.goods.
• E)the ratio of per capita U.S.GDP to Croatian per capita GDP.

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Definitions:

Positive Correlation

A statistical relationship in which the values of two variables increase together or decrease together.

Negative Correlation

A statistical relationship in which the value of one variable increases while the other variable decreases.

Correlational Study

A type of research method that examines the relationship between two or more variables to determine whether they are associated or have a correlation, without implying causation.

Tentative Explanation

An initial, provisional hypothesis proposed to explain a phenomenon or observation, subject to further testing and investigation.