Examlex
What is the self-serving bias
Inflation
Refers to the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.
Purchasing Power
The worth of currency measured by how many goods or services can be purchased with one unit of it.
Deflation
A decrease in the general price level of goods and services, often leading to an increase in the real value of money.
Annual Interest Rate
The percentage of the principal that is paid as interest to the lender over the course of a year.
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