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Assume the initial yen/dollar exchange rate to be 100 yen per dollar.If the U.S.inflation rate is 2 percent and the Japanese inflation rate is 7 percent,the exchange rate should move to 105 yen per dollar according to the purchasing-power-parity theory.
FDIC
The Federal Deposit Insurance Corporation is a United States government agency that protects depositors in the event of a bank failure, insuring deposits up to a specified limit.
Financial Well Being
A state where an individual has a stable financial condition, able to meet current and future expenses, and feels secure in their financial future.
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Rules established by government aimed at controlling or directing economic or social activities.
Average Price
The sum of the prices of all units sold of a product or service divided by the number of units.
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