Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI
A negative interest rate is impossible under CMUCPP in terms of the Daily CPI.
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Medium of Exchange
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Showing posts with label
Medium of Exchange
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Sunday 18 October 2009
Medium of Exchange
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Money performs the following three functions: 1. Medium of exchange 2. Store of value 3. Unit of account 1. Medium of Exchange Money has t...
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