Examlex
The legal effect of the agent's action on behalf of the principal is usually the same as if the principal had done the act.
Thai Bhat
The currency of Thailand.
Appreciated
Describes an increase in value of an asset or currency over time, often due to economic factors.
Purchasing-Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach to assess the relative value of currencies.
Nominal Exchange Rate
How quickly one currency is swapped for another, without considering inflation adjustments.
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