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 ?
One outstanding issue on which the IRS recently provided guidance is whether to fully vest participants in their MPPP balances.
In summary, employers may achieve several advantages by merging their MPPP and profit-sharing retirement plan, including:
When an MPPP is converted (or merged) into a profit-sharing plan, there is necessarily a significant reduction in the rate of future benefit accrual under the MPPP.