According to the Text, What Is the Name Given to Abstract

question 56

Multiple Choice

According to the text, what is the name given to abstract unsubstantiated stories containing an underlying message or moral?

• A)tales
• B)gossip
• C) rumours
• D) urban legends

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Definitions:

Purchasing-power Parity

A theory in economics that states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.

Nominal Exchange Rate

The rate at which one currency can be exchanged for another without adjusting for inflation.

Prices

The amount of money required to purchase a good or service.

Arbitrage

The simultaneous purchase and sale of the same asset in different markets to profit from tiny differences in the asset's listed price.