Greece has a high rate of inflation compared to the United States. This means that the American dollar will buy:

Question

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This means that the American dollar will buy more of the Greek currency in the short term.
Key Takeaway: When a particular country has a high rate of inflation, its currency is significantly devalued against strong currencies. In the case of Greece, the American dollar is likely to buy more of Greek currency in the short term although the currency itself is depreciated which means it is likely to purchase less goods and services.

Greece Has a High Rate of Inflation Compared to the United