Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power of money. Inflation can be caused by a variety… Continue reading 15 Causes of Inflation in Bangladesh you need to know
Author: MMP
Why is Debt a Trap? Know the Truth
Debt is a trap because it’s easy to get into and hard to get out of. Interest payments can make it difficult to pay off the principal, and late fees can add up quickly. If you’re not careful, debt can spiral out of control and ruin your financial life. Debt is a trap. It’s a… Continue reading Why is Debt a Trap? Know the Truth
How Can I Free Myself from Debt?
Debt is something that can feel very overwhelming, but there are steps you can take to free yourself from it. One of the most important things to do is to create a budget and stick to it. This will help you see where your money is going and where you can cut back in order… Continue reading How Can I Free Myself from Debt?
The Richest Man in Babylon | 50 Lessons with Reviews
“The Richest Man in Babylon” is a classic personal finance book written by George S. Clason. First published in 1926, the book uses parables set in ancient Babylon to teach timeless lessons about money management and wealth building. The book is divided into several short stories, each of which illustrates a different principle of personal… Continue reading The Richest Man in Babylon | 50 Lessons with Reviews
Instruments of Monetary Policy you need to know
Monetary policy refers to the actions taken by a central bank to control the supply of money in an economy and achieve specific economic goals. The central bank uses a variety of tools and instruments to influence the money supply and interest rates, such as open market operations, reserve requirements, and interest rate targeting. These… Continue reading Instruments of Monetary Policy you need to know
Know the Types of Monetary Policies?
There are two types of monetary policies: expansionary and contractionary. Expansionary monetary policy is when a central bank lowers interest rates in order to stimulate economic growth. Contractionary monetary policy is when a central bank raises interest rates in order to slow down inflation. There are two types of monetary policies: expansionary and contractionary. Expansionary… Continue reading Know the Types of Monetary Policies?