This time we are looking on the crossword clue for: Extremely softly, in music.
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Possible Answers: PPP.
Last seen on: –Newsday.com Crossword – Mar 20 2022s
Random information on the term “PPP”:
Purchasing power parity (PPP) is an economic theory that states that the exchange rate between two currencies equal the ratio of the currencies’ respective purchasing power. Theories that invoke purchasing power parity assume that in some circumstances (for example, as a long-run tendency) it would cost exactly the same number of, for example, US dollars to buy euros and then to use the proceeds to buy a market basket of goods as it would cost to use those dollars directly in purchasing the market basket of goods. A fall in either currency’s purchasing power would lead to a proportional decrease in that currency’s valuation on the foreign exchange market.
The concept of purchasing power parity allows one to estimate what the exchange rate between two currencies would have to be in order for the exchange to be at par with the purchasing power of the two countries’ currencies. Using that PPP rate for hypothetical currency conversions, a given amount of one currency thus has the same purchasing power whether used directly to purchase a market basket of goods or used to convert at the PPP rate to the other currency and then purchase the market basket using that currency. Observed deviations of the exchange rate from purchasing power parity are measured by deviations of the real exchange rate from its PPP value of 1.