Examlex
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Nominal Exchange Rate
The rate at which one currency can be exchanged for another without adjusting for inflation, representing the current market price.
Schillings
A former unit of currency in Austria before the euro and also used in several other countries historically.
Purchasing-Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach to determine exchange rates.
Dollar Appreciated
A situation where the value of the US dollar increases relative to other currencies, making foreign goods and services cheaper for Americans.
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