current dollar [or any other currency]
Definition
Present purchasing-power of a currency. In inflationary periods historical costs are adjusted to reflect the effects of inflation (are 'inflated') by using an index (such as consumer price index or CPI) to convert them into current or replacement costs. See also constant dollar [or any other currency].
current dollar [or any other currency] is in the Accounting & Auditing, Banking, Commerce & Finance, Currency Trading and Economics, Politics, & Society subjects.
current dollar [or any other currency] appears in the definitions of the following terms: constant dollar [or any other currency] and current value accounting
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