Examlex
Determine the Q of a reaction at 298 K if ΔrG = -1.4 kJ mol-1 and ΔrG° = +4.3 kJ mol-1.
Foreign Prices
The cost or value of goods and services from a country different from the domestic market, often influenced by currency exchange rates.
Real Exchange Rate
The rate at which a person can trade the goods and services of one country for the goods and services of another, adjusted for inflation.
Purchasing-power Parity
a theory that in the long run, exchange rates ought to adjust so that an identical good in different countries will have the same price when expressed in a common currency.
Nominal Exchange Rate
The rate at which one country's currency can be exchanged for another country's currency without adjusting for inflation.
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