Examlex
Which of the following is an example of unit bias?
Inflation Rate
The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.
Appreciate
The increase in value of an asset over time.
Canadian Dollar
The official currency of Canada, symbolized as CAD and often referred to as the "loonie."
Exchange Rates
The rate at which one currency can be exchanged for another, playing a critical role in international trade and finance.
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