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B. F. Skinner asserted that the general laws of operant conditioning applied to all animal species. However, psychologists studying operant conditioning, like those studying classical conditioning, found that an animal's natural behavior patterns could influence the learning of new behaviors.
Trade Settled
The completion of a securities transaction when the seller delivers the security to the buyer and receives payment in return.
Purchasing Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach, to assess relative currency value.
Forward Rate
The forward rate is the agreed-upon interest rate for a financial transaction that will occur at a future date, often used in the context of foreign exchange and bonds.
Interest Rate Parity
An economic theory stating that the difference between interest rates in two countries is equal to the expected change in exchange rates between their currencies.
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