Examlex
Explain what is meant by savant syndrome, and provide an illustrative example of this syndrome.
Purchasing-Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach to assess the relative value of currencies.
Nominal Exchange Rate
How quickly one currency is swapped for another, without considering inflation adjustments.
Big Mac
A hamburger sold by McDonald's that is often used as an informal measure of purchasing power parity between currencies.
Depreciates
The decrease in value of an asset over time or in response to changes in market conditions.
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