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What is dialectical materialism ? What are the historical stages that marx identified? Do you believe that his identification of these stages was correct, or not? Explain our answer.
Purchasing Power Parity
A theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.
Exchange Rate
The price of one country's currency in terms of another currency, determining how much foreign currency can be exchanged for a unit of domestic currency.
Spot Trade
A transaction for the immediate delivery of a financial instrument or commodity.
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