law of one price
Definition
Purchasing power parity doctrine that the real purchasing power of different currencies tends to equalize inflation rate differentials between their respective countries, resulting in nearly the same price for commodities (such as oil) in every country.
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law of one price is in the Banking, Commerce & Finance, Commodities & Precious Metals Trading, Currency Trading and Economics, Politics, & Society subjects.
law of one price appears in the definition of the following term: arbitrage pricing theory (APT)
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