A Fixed Rate Can Be Expensive Because It Requires That

question 71

True/False

A fixed rate can be expensive because it requires that a country keep large amounts of foreign currency on hand; usually a low-return investment.

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Definitions:

Behavioral Contrast

The phenomenon where the rate of response varies according to a change in reinforcement conditions for another behavior.

Hourly Rate

A payment rate set for one hour of work, often used to calculate wages for part-time or freelance employment.

Sequentially

Following a logical or arranged order, typically in a series or sequence.