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Define Treasury Inflation Protected Security (TIPS)

Define Treasury Inflation Protected Security (TIPS)

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter1: Understanding The Financial Planning Process
Section: Chapter Questions
Problem 6FPE
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Define Treasury Inflation Protected Security (TIPS)

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Introduction

Inflation is an economic term that represents a decrease in purchasing power of money over a specific time period. It increases the prices of goods or services over time, meaning that more money is required to purchase the goods or services.

There are plenty of reasons that cause inflation such as increase in production costs or a surge in demand for goods or services. Generally, an inflation have a adverse impact on the economy of a country.

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