Examlex
Match each item with a statement below.
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Exchange Rate
The price at which one currency can be exchanged for another currency.
Third Currency
A currency used as an intermediary for trading between two currencies that are not directly exchangeable.
Law of One Price
An economic theory that suggests the price of an identical good will have the same price globally, assuming no transportation costs and no differential taxes.
Canadian Dollars
The currency of Canada, symbolized as CAD and denoted by the sign $.
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