Personal Finance (MindTap Course List)
Personal Finance (MindTap Course List)
13th Edition
ISBN: 9781337099752
Author: E. Thomas Garman, Raymond Forgue
Publisher: Cengage Learning
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Chapter 2, Problem 2DTM
Summary Introduction

To calculate: The purchasing power in two countries Introduction: Purchasing power is the amount of goods or service that can be purchased with a currency. As per the purchasing power concept the purchasing power changes with the inflation or deflation. The purchasing power decreases with inflation and increases with deflation.

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