The Purchasing Power Parity Theory States That One Currency Will

question 95

True/False

The purchasing power parity theory states that one currency will appreciate (depreciate) with respect to another currency according to the expected relative rates of inflation between the two countries.

---

Definitions:

Freshwater Algae

Simple, often microscopic, plant-like organisms that live in fresh water and are capable of photosynthesis.

Green Algae

A large group of algae, primarily aquatic, that contain chlorophyll and conduct photosynthesis.

Dinoflagellates

A group of protists known for their whirling movement, some of which are photosynthetic, found in marine and freshwater environments.

Two Flagella

A description of cells or organisms that have two long, slender projections used for movement.