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August 23, 2022

What is a financial institution?

A financial institution is an institution that deals with fiscal and monetary transactions such savings, lending, investing, and currency exchange. Banks, insurance companies, trust companies,&nbs...

February 29, 2020

How A Low Income Person Can Become Rich

Richness is not limited to a particular sect in society. Anybody can be rich but there are some measures that such an individual must be willing to follow. Being rich comes with financial independence...

April 14, 2022

How High Interest Rates curbs Inflation

The Federal Reserve's main goal is to keep inflation under control while preventing a recession. It accomplishes this through monetary policy. The Fed must use contractionary monetary policy to impede...