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What are the advantages of budgeting?
Average Price Level
An economic indicator that shows the overall level of prices for goods and services in an economy over a period.
Value of Money
The purchasing power of money, indicating the amount of goods or services that one unit of money can buy, subject to change due to inflation or deflation.
Interest Rate
The percentage of an amount of money which is charged for its use per a certain period, often annually, by a lender to a borrower.
Medium of Exchange
A medium of exchange is anything widely accepted as a form of payment, making trade easier by eliminating the need for a coincidence of wants.
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