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LET’S TALK MONEY WORD OF THE DAY JANUARY 10TH
SHONDA MILESWWW.SHONDAMILES.COM
INFLATION
• A GENERAL INCREASE IN PRICES AND FALL IN THE PURCHASING VALUE OF MONEY.• WHEN A DOLLAR BUYS LESS THAN YOU WOULD EXPECT IT TO, WE CALL THAT INFLATION.
INFLATION IS CAUSED BY A VARIETY OF FACTORS, BUT MOST OF THEM ARE RELATED TO INTEREST AND DEBT. WHEN THE FEDERAL RESERVE BANK RAISES INTEREST RATES, IT CAUSES THE DOLLAR TO INFLATE. THERE IS MORE IN THE SYSTEM, SO EVERY DOLLAR IS WORTH JUST A LITTLE BIT LESS.
READ MORE: HTTP://WWW.BUSINESSDICTIONARY.COM/DEFINITION/INFLATION.HTML#IXZZ3WQLQLAF9
INFLATION
• A PERSISTENT, SUBSTANTIAL RISE IN THE GENERAL LEVEL OF PRICES RELATED TO AN INCREASE IN THE VOLUME OF MONEY AND RESULTING IN THE LOSS OF VALUE OF CURRENCY
• INFLATION IS THE RATE AT WHICH THE GENERAL LEVEL OF PRICES FOR GOODS AND SERVICES IS RISING AND, CONSEQUENTLY, THE PURCHASING POWER OF CURRENCY IS FALLING. CENTRAL BANKS ATTEMPT TO LIMIT INFLATION, AND AVOID DEFLATION, IN ORDER TO KEEP THE ECONOMY RUNNING SMOOTHLY.
READ MORE: INFLATION DEFINITION | INVESTOPEDIA HTTP://WWW.INVESTOPEDIA.COM/TERMS/I/INFLATION.ASP#IXZZ3WQNCNDHP FOLLOW US: INVESTOPEDIA ON FACEBOOK
• AS A RESULT OF INFLATION, THE PURCHASING POWER OF A UNIT OF CURRENCY FALLS.
LET’S TALK MONEYFOR MORE INFORMATION ON MAKING MORE MONEY AND
DEVELOPING MSI GO TO WWW.SHONDAMILES.COM
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