At the Beginning of the Year the Exchange Rate Between

question 24

Multiple Choice

At the beginning of the year the exchange rate between the Brazilian real and the U.S. dollar was 2.2 reals per dollar. Over the year,Brazilian inflation was 12 percent and U.S. inflation was 4 percent. If purchasing power parity holds,at year-end the exchange rate should be approximately ________ dollars per real.

• A)2.3913
• B)0.4895
• C)2.8498
• D)0.4182
• E)0.3440

---

Definitions:

Fixed-interval

In the context of psychology, it refers to a schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.

Reinforcement Schedule

A pattern that defines how often a desired response will be reinforced, crucial in the process of behavioral conditioning.

Classical Conditioning

A learning process where a neutral stimulus becomes associated with a meaningful stimulus, leading to a conditioned response.

Unconditioned Responses

A natural, reflexive reaction to a stimulus that occurs automatically without any need for prior learning.