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Business Cycle Trough
The phase in the business cycle where economic activity is at its lowest point, preceding a recovery or expansion period.
Purchasing Power
The financial ability to buy goods and services; it reflects the value of money in terms of the quantity of goods or services that one unit of money can buy.
Government Bonds
Debt securities issued by a government to support government spending and obligations.
Savings Account
A bank account where people can deposit money to earn interest over time, with fewer withdrawal facilities.
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