Examlex
Since 2009 the IMF's exchange rate regime classification system uses a "de facto classification" methodology. Under this system, a country that has given up their own sovereignty over monetary policy is considered to have:
Natural Gas
A fossil fuel used primarily for heating, electricity generation, and as a fuel for vehicles, consisting mainly of methane and found underground.
Price Increase
A rise in the cost of goods or services over a specific period of time, which can affect purchasing power and economic stability.
Substitutes
Substitutes are goods or services that can be used in place of each other, fulfilling the same needs or desires of the consumer.
Price Inelastic
A situation where the demand or supply for a product does not change significantly when its price changes.
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