Purchasing power of money can be accessed through:
A)Simple index
B)Fisher's index
C)Consumer price index
D)Volume index

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is used to assess the purchasing power of a country's currency by tracking changes in the price level of a market basket of consumer goods and services purchased by households.

Purchasing Power of Money Can Be Accessed Through