Understanding the basic financial terms is required to assess market trends, make informed decisions, manage risks and finances, and, most importantly, forecast and plan. So, entrepreneurs, any business personnel, or,
Ever wondered how do banks work? Banks are crucial financial institutions for the smooth functioning of the global financial ecosystem. They vary depending on the functioning and specific purpose they
Paper money or paper currency is a type of fiat money made of paper. The need for paper currency rose because of portability issues with commodity money (primarily coins). An
The dawn of the 21st century has seen many non-traditional security threats, such as cyber security, increasing population, resource scarcity, climate change, and economic instability. Out of these non-traditional security
The United States is the biggest economy in the world, with a GDP of $26.7 trillion in 2023. The USD is one of the many reasons for the US becoming
The United Nations recognizes 180 national currencies globally as Legal Tender. These currencies fall under the category of Fiat money. The strength of a currency depends on the demand and
What is money? It is a medium of exchange to facilitate transactions in an economic ecosystem. Historically, money has taken many unusual forms, ultimately evolving into the current form. It
To establish an economic and financial profile, one has to learn basic economic terminologies well. GDP, being one the most essential terms frequently used in economic literature, needs a clear
Inflation is a general increase in the prices of goods and services over a period that results in the decline of the purchasing power of money and an increase in
The United Nations has issued its Report on World Economic Situation and Prospects for 2024. The global economy did well in 2023 despite huge inflation, strict monetary policy, conflicts worldwide,