Examlex
Human observation is more useful than a mechanical device when recording subjects' physiological reactions.
Spot Exchange Rate
The current exchange rate at which one currency can be immediately exchanged for another currency.
Purchasing Power
The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.
Spot Trade
A financial transaction for the immediate exchange of a commodity or currency at the current market price.
Absolute Purchasing Power Parity
Absolute Purchasing Power Parity is an economic theory that compares different countries' currencies through a "basket of goods" approach, suggesting that exchange rates should adjust to equalize the price of identical goods in different countries.
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