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Samantha was a fantastic softball player, but she rarely took credit for her success. Every time a reporter from the school paper would ask her for a quote, Samantha would say, "I just got lucky today," or, "Their pitcher just gave me something I could hit." Which of the following likely factors into Samantha's personality?
Real Exchange Rate
The rate at which a person can exchange the currency of one country for the currency of another and obtain the same quantity of goods.
Purchasing-power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach to assess relative currency value and living standards.
Nominal Exchange Rate
The Nominal Exchange Rate is the rate at which one country's currency can be traded for another's, not adjusted for inflation, reflecting the current value of one currency compared to another.
Prices
The monetary value expected, demanded, or delivered in exchange for a good or service.
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