What is Money in Economics?

Money in economics is a store of value, a unit of account, a standard of deferred payment and a medium of exchange that we use to purchase goods and services without the need for cumbersome bartering. It is a fundamental concept in the field of economics and plays a crucial role in the functioning of… Continue reading What is Money in Economics?

15 Causes of Inflation in Bangladesh you need to know

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

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?