Purchasing power is the value of a currency in real terms—based on the goods and services each unit can be exchanged for. Remember when you could buy two Mcdonald's Big Macs with a $5 bill in 2000?
Phil Scott has 32+ years of experience as a writer and editor, 26+ years as a journalist, and is the author of seven nonfiction books. Thomas J. Brock is a CFA and CPA with more than 20 years of ...
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