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Relative purchasing power parity

• Abbreviated RPPP. Idea that the rate of change in the price level of commodities in one country relative to the price level in another determines the rate of change of the exchange rate between the two countries' currencies.

 
 Embedded terms in definition
 Change
Exchange rate
Exchange
The exchange
 
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If you really put a small value upon yourself, rest assured that the world will not raise your price. - Author Unknown

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