Examlex
What is the primary reason why income levels have not converged among the countries of the world?
Exchange Rate
The conversion rate of one currency to another.
Weakens
Becomes less strong or potent; in economic terms, can refer to a currency's decrease in value relative to others.
€
The symbol for the Euro, the official currency of the Eurozone in the European Union.
Appreciates
Denotes the appreciation in an asset's value as time progresses.
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