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The value of what money can actually buy is called:
APurchasing permit
BPurchasing pattern
CPurchasing period
DPurchasing power
Answer & Solution
Correct answer: D. Purchasing power
1. Rising prices reduce it.
2. Incomes rising as fast leave it unchanged.
3. It is purchasing power.
_Source: OpenStax Introduction to Business, Chapter 1, Understanding Economic Systems and Business._
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