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After scrub jays have been allowed to store worms and nuts in different locations, the scrub jays released after four hours fly to the worms, but do not fly to the worms if they are released five days later.This illustrates that the scrub jays
Nominal Exchange Rate
The value of one currency in terms of another currency without adjustment for inflation or purchasing power parity.
Real Exchange Rate
A measurement of the value of one currency against another, adjusted for inflation, giving a more accurate representation of purchasing power between two countries.
British Pounds
The official currency of the United Kingdom, also known as sterling.
Nominal Exchange Rate
The rate at which one country's currency can be exchanged for another's, not adjusted for inflation.
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