Month: February 2025
28 posts
What is black friday?
Black Saturday occurs the day following Thanksgiving. Retailers offer steep discounts during this annual shopping day to kick-off the holiday…
What is a bank statement?
Your financial institution prepares a bank statement each month. A bank statement shows all the transactions and income related…
You can pay with your mobile phone
Are you carrying your phone more than a wallet or purse with you? Then paying with your phone could…
What is compound interest?
Compound Interest is the interest that is earned on the original principal and accumulated interest. The Key Takeaways Compound…
What is an ABA number?
The ABA number is a nine digit code used to identify banks in the United States. It allows…
What is Interest?
Interest represents the cost of borrowing. The lender gets interest and the borrower pays it. The Key Takeaways Interest is…
What is a bear market?
DEFINITION A Bear Market is when the broad market price falls at least 20% over a period of a few…
Structural unemployment: causes and examples
It is a mismatch in the skills of the unemployed and the available jobs. It is caused by a…