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…
What is ceteris paribus?
DEFINITION Ceteris Paribus, a Latin expression that means “all things being equal,” is used to explain the theory…
The Causes and Effects of Cyclical Unemployment
High unemployment rates are mainly caused by cyclical unemployment. This is caused by a decline in the cycle of business. This…
What is racketeering?
DEFINITION Racketeering involves using force, fraud or intimidation in order to earn money. This includes organizing, managing or running an…
What is the difference between ACH and wire transfers?
Electronic transfers include ACH and wire transfer. These are often good options for sending or receiving money. There’s no danger…
How to calculate, compare, and rank the cost of living
Life is expensive. The average person requires certain items and services to maintain a standard lifestyle. The Bureau of Labor…
How to convert percentages to decimals
Understanding and your finances is made easier by knowing how to convert decimals to percentages and vice versa. You need to…
What is Laissez-Faire Economic Theory (LFE)?
Laissez faire economics restricts the government’s intervention in the economy. The theory holds that an economy’s strength is when the…
How to Open a Banking Account and what you need.
You’ll have to select a bank, and then provide them with the necessary information. This includes your ID…
What is a wire transfer?
A Wire Transfer is an electronic method for moving funds. The Key Takeaways Wire transfers are a method of electronically…