Examlex
Consider this passage: "When I first heard the expression 'preponderance of evidence' I thought that it meant some maybe 80% if I had to quantify it. I learned the legal term 'preponderance of evidence' means more than 'reasonable suspicion,' 'reason to believe,' and 'substantial evidence.' But then I learned that 'preponderance of evidence' meant anything more than 50/50. Which was what, better than a coin flip? Certainly not the same as 'clear and convincing' or 'beyond a reasonable doubt' I discovered. What do you think? Should anything more than 50/50 enough to use the word 'preponderance'?" The previous passage is best described as ________.
Exchange Rate
The rate at which one currency can be exchanged for another, typically used in international trade and finance.
Purchasing-Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach to determine the relative value of each currency.
Nominal Exchange Rates
The speed at which one form of money is traded for a different type of money, without taking inflation into account.
Price Levels
A broad measurement of the current price average for goods and services in the economy.
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