Examlex
To paraphrase is to
Canadian Dollar
The official currency of Canada, represented by the symbol CAD or C$.
Absolute Purchasing Power Parity
The theory that, in the absence of transaction costs and other barriers, identical goods in different countries should have the same price when expressed in a common currency.
Transaction Costs
The expenses incurred when buying or selling goods and services, which may include commissions, fees, and the bid-ask spread.
Covered Interest Arbitrage
An investment strategy that involves exchanging domestic currency for a foreign currency, investing in foreign interest-bearing assets, and using forward contracts to hedge exchange rate risk.
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