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Financial Transactions
Activities involving the exchange of money between parties, including buying, selling, lending, and borrowing.
Purchasing Power Parity
A theory that states that in the absence of transportation and other transaction costs, identical goods should have the same price in different countries when prices are converted into a common currency.
Exchange Rates
The valuation of one currency in the process of being exchanged for another.
Balance Of Payments
A record of all economic transactions during a given period between residents of one country and residents of the rest of the world.
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