Examlex
_____________ efficiency refers to 'getting the most for the least'.
Exchange Rate
The rate at which one currency can be exchanged for another.
Relative Purchasing Power Parity
An economic theory that suggests the rates of inflation between two countries will affect the exchange rate between their two currencies.
Expected Inflation
An estimation of the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.
Real
Pertaining to tangible or actual assets, situations, or values, as opposed to hypothetical or projected ones.
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