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Find the sum.
Identical Products
Goods that are exactly the same in every feature, quality, and specification, allowing them to be interchangeable.
Absolute Purchasing Power Parity
A theory that suggests that in the absence of trade barriers and transportation costs, identical goods will have the same price in different countries when prices are expressed in a common currency.
Covered Interest Arbitrage
A financial strategy to profit from the difference in interest rates between two countries while hedging against exchange rate risks.
Spot Rate
The current market price at which a particular asset, such as a currency, commodity, or security, can be bought or sold for immediate delivery.
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