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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SA accountants unknowingly destroy the real value of constant items never updated
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SA accountants unknowingly destroy the real value of constant items never updated
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Saturday 18 July 2009
SA accountants unknowingly destroy the real value of constant items never updated
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Inflation is a uniquely monetary phenomenon and can only destroy the real value of money and other monetary items over time. It has no effec...
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