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Which of the following countries has the highest population in the world?
Nominal Exchange Rate
The price at which one currency can be exchanged for another currency, without adjustment for inflation.
Pesos
Pesos are the unit of currency in several countries, including Mexico and the Philippines.
Purchasing-Power Parity
An economic principle positing that currency exchange rates reach equilibrium when the purchasing power in both countries involved is equal.
Depreciated
The decrease in value of an asset over time, often due to wear and tear or obsolescence.
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