Examlex
Your sorority sister argues that AI machines will become intent on domination of the human race as soon as they realize that they are intellectually superior to humans. As a psychology major, you scoff at this position and argue that AI machines will never come to the realization that they are smarter than humans because they
Fixed Exchange Rates
A currency system where the value of a country's currency is pegged at a fixed rate to another currency or a basket of currencies, making it stable against those currencies.
Foreign Exchange Reserves
Foreign exchange reserves are assets held on reserve by a central bank in foreign currencies, used to back liabilities and influence monetary policy.
Domestic Money Supply
Refers to the total amount of money available within a country's economy at a specific time, including cash, coins, and balances held in bank accounts.
Appreciate
To increase in value or price over time, often used in the context of currencies, assets, or investments.
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