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Paper payable "on demand" fails the test of negotiability in that it does not contain a specific time.
Actual Inflation Rate
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, as measured over a specific period of time.
Actual Price Level
The current cost of goods and services in an economy, affecting purchasing power and inflation rates.
Velocity
The rate at which money circulates or is exchanged in an economy, influencing inflation and economic activity.
Money Supply
The total amount of money available in an economy, including cash, deposits, and other forms of liquidity.
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