Tag Archives: inflation

Define inflation

Define inflation The action of inflating something or the condition of being inflated Or A general increase in prices and fall in the purchasing value of money Or Inflation is an upward movement in the average level of prices. Its opposite is deflation, a downward movement in the average level of prices. The boundary between inflation and deflation is price …

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Money & Banking Notes

Money & Banking Notes Click on your required topic: Five parts of the financial system Five core principles of money and banking Money & the payment system Other forms of payments Financial intermediaries Financial instruments & financial marketsĀ  Financial institutions Time value of money Application of present value concepts Bond pricing & risk Measuring risk Evaluating risk Bonds & bonds …

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Define insurance and state its importance

Define insurance and state its importance A practice by which a company provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment Business risk Safety by awareness Planning for life stage needs Reduction of the chances of loss Economic stimulation Builds the habit of thrift Correct distribution of cost Providing security Control over inflation …

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