Category Archives: Finance

Inflation is an increase in the overall level of prices in an economy over a period of time. When the price of goods and services goes up, the purchasing power of money goes down, meaning that people need more money to buy the same things they could have bought before. Inflation is typically measured as […]

Fiat money is a type of money that is declared to be legal tender by a government, but is not backed by a physical commodity such as gold or silver. Instead, it is backed by the full faith and credit of the government that issues it. This means that the value of fiat money is […]

A capital gains tax is a tax on the profit you realize when you sell a capital asset, such as a stock or real estate, for more than the purchase price. The amount of the tax you owe depends on the amount of the gain, the length of time you owned the asset, and your […]