Examlex
Benjamin Whorf's proposition that language molds our cognition and perception
Purchasing Power Parity Theory
An economic theory that compares different countries' currencies through a "basket of goods" approach to determine relative currency values.
Exchange Rates
The value of one currency expressed in terms of another currency, used in international trade and investment.
Nominal Currency Values
The face value of currency without taking into account inflation or the purchasing power of the currency.
Purchasing Power
The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy, often impacted by inflation.
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