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Purchasing Power
The value of currency expressed in terms of the amount of goods or services that one unit of money can buy.
Inflation
The measure of growth in the overall price level for products and services, devaluing the currency's purchasing power.
Premium Bond
A bond sold at a price higher than its face value, typically occurring when it has a higher interest rate than the current market rate.
Face Value
The original value of a financial instrument as indicated on the certificate or instrument itself, equivalent to its par value.
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