Examlex
Please define the following key terms
-zero sum game
Spot Rate
The present market rate at which a specific asset, like a currency, commodity, or security, is available for purchase or sale with immediate delivery.
Relative Purchasing Power Parity
A theory stating that changes in exchange rates between currencies are influenced by changes in the countries' price levels, maintaining the purchasing power of each currency.
Exchange Rates
The exchange value of one currency for another.
Inflation Rates
The measure of how fast the standard price for services and products ascends, directly impacting the reduction in purchase power.
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