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purchasing power parity

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Definition of purchasing power parity

: the ratio between the currencies of two countries at which each currency when exchanged for the other will purchase the same quantity of goods as it purchases at home excluding customs duties and costs of transport — compare par

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Dictionary Entries Near purchasing power parity

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“Purchasing power parity.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/purchasing%20power%20parity. Accessed 4 Jul. 2022.

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