Purchasing power doctrine preaching parity where the real purchasing power of different currencies trends to equalize differing inflation rate in the respective countries, forcing a similar price in each country for commodities like oil.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Purchasing power doctrine preaching parity where the real purchasing power of different currencies trends to equalize differing inflation rate in the respective countries, forcing a similar price in each country for commodities like oil.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.