Examlex
Which of the following refers to the three tiers in the three-tier architecture?
Inflation Rate
The velocity at which prices for everyday goods and services climb, leading to diminished purchasing capability.
Exchange Rate
The value of one country's currency in terms of another currency or currencies.
Spot Rate
The current market price at which a particular asset, such as foreign exchange, is bought or sold for immediate delivery.
Real Rate
The interest rate adjusted for inflation, reflecting the true cost of borrowing or real yield on an investment.
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