Money: What is it?

What is Money Money is an officially issued legal tender that typically consists of notes and coins. Money is the circulating medium of exchange as defined by a government. Money is often synonymous with cash and includes various instruments such as checks and cryptocurrencies. Each country has its own money that it and its residents exchange for goods within its borders. BREAKING DOWN…

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Akon to Laucnh ‘Akoin’ to Power a Upcoming Cryptocurrency City

Aliaume “Akon” Thiam is taking his personal project of building Africa’s infrastructure with the creation of a futuristic city in Senegal whose economy he says will be powered by AKoin, his soon-to-be-launched cryptocurrency. According to the New York Post, the U.S.-born artist and producer, who is of Senegalese descent, revealed the details of “Akon Crypto City” while speaking on a…

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Kevin L Walker Enables Actors, Comedians, and more to Use Cryptocurrency at The Creation Station Studios

Kevin L Walker is famously known for his roles on Vigilante Diaries, Pope, The Young and The Restless, and CSI: Miami, and for his inspiring words to fans, millennials, and entrepreneurs, across his 800,000+ social media following, Actor/Writer/Businessman/Entrepreneur Kevin L. Walker takes big step into the Cryptocurrency Market, announcing via Twitter (https://twitter.com/KevinLWalker/status/976666191623110656) that he is…

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Deflation: What is it?

Deflation is the general decline in prices for goods and services occurring when the inflation rate falls below 0%.  Deflation happens naturally when the money supply of an economy is fixed.  In times of deflation, the purchasing power of currency and wages are higher than they otherwise would have been.

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Intrinsic Value: What is it?

Intrinsic value is the perceived or calculated value of a company, including tangible and intangible factors, using fundamental analysis. Also called the true value, the intrinsic value may or may not be the same as the current market value.

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Liquid Asset: What is it?

What is a Liquid Asset A liquid asset is an asset that can be converted into cash speedily, with little impact to the price received in the open market. Liquid assets include money market instruments and government bonds. The foreign exchange market is deemed to be the most liquid market in the world because it hosts the exchange of trillions of dollars each day,…

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Currency: What is it?

Currency is a generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. Used as a medium of exchange for goods and services, currency is the basis for trade.

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Bretton Woods Agreement: What is it?

The Bretton Woods Agreement is the landmark system for monetary and exchange rate management established in 1944. It was developed at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire, from July 1 to July 22, 1944. Under the agreement, currencies were pegged to the price of gold, and the U.S. dollar was seen as a reserve currency linked to the price of gold.

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Shadow Banking System: What is it?

A shadow banking system is the group of financial intermediaries facilitating the creation of credit across the global financial system but whose members are not subject to regulatory oversight. The shadow banking system also refers to unregulated activities by regulated institutions.

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Monetary Policy – What is It?

Monetary policy consists of the process of drafting, announcing and implementing the plan of actions taken by the central bank, currency board or other competent regulatory authority of a country that determines the scope and impact of the key drivers of the economic activity in that country.

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Gresham’s Law: What is it?

In currency valuation, Gresham’s law was originally based on the observation that if a new coin (“bad money”) is assigned the same face value as an older coin containing a higher amount of precious metal (“good money”), then the new coin will be used in circulation while the old coin will be hoarded and disappear from circulation.

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What is the “Great Recession” ?

The term “Great Recession” applies to both the U.S. recession, officially lasting from December 2007 to June 2009, and the ensuing global recession in 2009. The economic slump began when the U.S. housing market went from boom to bust, and large amounts of mortgage-backed securities (MSBs) and derivatives lost significant value.

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