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?
PPPs compare the purchasing power of monetary units in different countries. A PPP between two different countries indicates the amount you need to spend in one country’s currency in order to obtain ...
Three terms that every newcomer should know are account value, cash value, and purchasing power. These are the three types of value that every brokerage trading account has. While they are related ...