At Par


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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

At Par

 

correlation between the market or stock exchange rate of exchange for securities and currency and their nominal (parity) value. As a rule, the rates of exchange for securities and currency in the money markets of capitalist countries show a deviation from the nominal value.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.