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What is purchasing power parity?

The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing power. Developed by Gustav Cassel in 1920, (MORE)

What is purchasing power?

The value of a currency expressed in terms of the amount of goodsor services that one unit of money can buy. Purchasing power isimportant because, all else being equal, inflat (MORE)

What is odd parity even parity?

Priority: Counting number of ones (1s) in the unit of data, since 0 is zero. Example: a unit of data: 1001 (=0x09) where number of 1s is 2 making even parity. So, the parity (MORE)