Interest Rate – Explained + Examples

An interest rate is essentially the cost you pay to borrow money from a lender. It’s a percentage of the

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The Federal Reserve – Explained + Roles

The Federal Reserve System, also known as the Fed, is the central banking system of the United States. It was

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Run On The Bank – Bank Runs Explained + Examples

A “run on the bank” is a financial crisis that occurs when a large number of people try to withdraw

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Debt – Explained

Debt is the term used when someone owes money to another person or entity. This can be individuals, businesses, or

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Credit Rating – Explained

A credit rating is an assessment of the creditworthiness of an individual or organization. It is used by lenders, investors,

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