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According to purchasing power parity (PPP), if a foreign country's inflation rate is below the inflation rate at home, home country consumers will increase their imports from the foreign country, and foreign consumers will lower their demand for home country products. These market forces cause the foreign currency to appreciate.
Negligence
A failure to take reasonable care to avoid causing injury or loss to another person, which can lead to legal liability.
Business Liability Policy
An insurance policy that protects a company from financial loss resulting from liabilities such as accidents, injuries, or negligence.
Claim
A demand for something as due, particularly money, property, or legal relief, often the subject of legal action.
Insurer Duty
The obligations that an insurance company has toward its policyholders, including the duty to act in good faith and to pay valid claims.
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