Some levels may appear to fall into one category while actually being in the other.

The current level of stock prices appears in a worse light when compared with corporate book values.

"And that level appeared to many in the market to be cheap, or more than reflect all of the bad news we've been seeing."

Administration officials said they were mildly encouraged that the level of violence appeared to be down in the last several days.

The level of contamination in the 1988 crop thus appears to be at least 10 times greater than usual.

The 5% level of significance appears to have been introduced by Fisher in 1925.

Their technological level, in fact, appeared to be well below that of the Federation.

During the reform period, higher levels of inflation appeared when government controls were reduced.

The ideal level of ownership appears to vary by company, they said.

Yet, significant levels of child labour appear to be found in Cambodia.