The principle that an obligation to pay a particular sum of money is fixed and does not change even if the purchasing power or foreign exchange rate of the money does change is known as ________.

Question

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The principle that an obligation to pay a particular sum of money is fixed and does not change even if the purchasing power or foreign exchange rate of the money does change is known as nominalism. Choice A refers to the rule used to determine which country's law applies in a legal dispute; choice B is not a recognized concept in this context, and choice D is an unrelated term.

The Principle That an Obligation to Pay a Particular Sum