Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Define Treasury Inflation Protected Security (TIPS)
Expert Solution
Introduction
Inflation is an economic term that represents a decrease in purchasing power of money over a specific time period. It increases the prices of goods or services over time, meaning that more money is required to purchase the goods or services.
There are plenty of reasons that cause inflation such as increase in production costs or a surge in demand for goods or services. Generally, an inflation have a adverse impact on the economy of a country.
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