PPP

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PPP

Purchasing Power Parity

The theory stating that, in an efficient market, the exchange rate of two currencies results in equal purchasing power. That is, if one pound is worth two dollars, one pound in England should buy the same amount in goods and services that two dollars can buy in the United States. Fixed exchange rates, taxes, and other inefficiencies are thought to disrupt purchasing power parity. Some theorists believe the idea holds most true when comparing countries or regions with similar standards of living.
References in periodicals archive ?
The ISSLL WG has defined a Multi-Class Extension to Multilink PPP [Borman 1999] to provide multiple levels of priority.
We now describe the application of our work (SRR) in a Multilink PPP striping solution(6) provided by a commercial router vendor (Cisco).
Recall that Multilink PPP provides both sequence numbering as well as a link-level fragmentation format.