Purchasing power parity is the price of one currency in terms of another.

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Purchasing power parity is a theory that suggests that exchange rates between currencies should adjust to equal the price of a basket of goods and services in different countries. It is not the price of one currency in terms of another. Purchasing power parity (PPP) is a theory that states that exchange rates between two currencies should be at a level that makes the purchasing power of each currency equal. It is not the price of one currency in terms of another.

Purchasing Power Parity Is the Price of One Currency in Terms