Purchasing power of the dollar

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Purchasing power of the dollar

The amount of goods and services that can be exchanged for a dollar as compared with amount of a previous time period.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Purchasing Power of the Dollar

The goods and services that $1 can buy when compared to other currencies or to the dollar in a different time period. One can use the purchasing power of the dollar to gauge both the dollar's value in the currency market and to measure inflation. See also: Exchange rate.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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