Month: February 2025
28 posts
What is per capita?
“Per capita ” means “per person.” In statistics, business, and economics, this term is used to describe an average per…
How to Deposit Cash in Your Local Banks, ATMs and Online Banks
It’s best to put any extra money in a bank. So, the money is protected from theft, loss or…
What is the natural rate of unemployment?
DEFINITION The rate of natural unemployment represents the lowest level at which a healthy economy is able to function without…
Extensions of Unemployment Benefits
Unemployment benefits are available to anyone who was laid off and is actively looking for work. Those who were…
Unemployment rate, effects, and trends
The unemployment rate is calculated by dividing the number of unemployed by the total number of civilian workers. According…
Financial Derivatives: Definition, Types, Risks
A derivative is an investment contract that gets its value from the underlying asset. The buyer agrees that he…
What is a Tanda?
DEFINITION A tanda is a rotating savings and credit association (ROSCA) formed by a group of people who know one…
How to Send and Receive Payments with Facebook Messenger
Facebook Messenger isn’t only for chatting. Facebook Messenger allows you to send money (and receive payments) from friends. This is…
How to Open a Bank Online Account
You can open a bank account from the comforts of your home. It should take you only a few…
How do cardless ATMs work?
You can now pay electronically for most things, removing the need to carry cash. The mobile wallet on your phone can…