Examlex
Kandinsky's main innovation is developing art that is
Unemployment Insurance
A government program that provides temporary financial assistance to unemployed workers who have lost their jobs through no fault of their own.
Nominal Rate
The interest rate before adjustments for inflation. It is the rate that is quoted by banks and other financial institutions for savings accounts, loans, and mortgages.
Inflation
A general increase in prices across an economy, leading to a decrease in the purchasing power of money.
Purchasing Power
The purchasing power of a currency, measured by the quantity of goods or services a single unit can acquire.
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