According to the theory of purchasing power parity, if the inflation rate in Australia is higher than
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Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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If Australias rate of inflation is greater than the inflation rate in New Zealand th...View the full answer
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