Exchange Rate Quotations Consist Solely of Direct Quotations

question 32

True/False

Exchange rate quotations consist solely of direct quotations.

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Definitions:

Festinger

Refers to Leon Festinger, known for cognitive dissonance theory, which suggests that we have an inner drive to hold all our attitudes and beliefs in harmony and avoid disharmony or dissonance.

Cognitions

Mental processes involved in gaining knowledge and comprehension, including thought, judgment, and problem-solving.

Consonant

A basic speech sound produced by obstructing the breath in the vocal tract, also refers to a letter representing such a sound.

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting cognitions (ideas, beliefs, values, emotional reactions).