What is Seigniorage?
Seigniorage is the difference between the face value of money, such as a $10 bill or a quarter coin, and the cost to produce it. In other words, the cost…
Exchange Rate Explained
Exchange rate, The price of a country’s money is about the country’s capital. A financial exchange rate is “fixed” when countries use gold or another agreed-upon standard. and each currency…
Devaluation: Definition, How It Works, and Examples
What Is Devaluation? Devaluation is the deliberate downward adjustment of the value of a country’s money relative to another currency, group of currencies, or currency standard. Countries that have a…
What is GDP?
DEFINITION GDP stands for “Gross Domestic Product” and represents the total monetary value of all final goods and services produced (and sold on the market) within a country during a…
Money Supply Definition: Types and How It Affects the Economy
What Is the Money Supply? The money supply is all the currency and other liquid instruments in a country’s economy on the date measured. The money supply includes cash and…
What is Dollarization?
What Is Dollarization? Dollarization is when the U.S. dollar is used in addition to or instead of the domestic currency of another country. It is an example of currency substitution.…
U.S. DEPARTMENT OF THE TREASURY
Role of the Treasury The U.S. Department of the Treasury’s mission is to maintain a strong economy and create economic and job opportunities by promoting the conditions that enable economic…
The Fed announces 4th consecutive ‘jumbo’ interest rate hike of 75 basis points—here are 4 things that will be more expensive
Struggling to dampen inflation, the Federal Reserve announced a widely expected fourth consecutive “jumbo” 0.75 percentage point rate hike on Wednesday. While raising interest rates can slow inflation by making…
What is hyperinflation, and should we be worried?
The last time inflation levels were this high in the US and Europe, flared trousers were in, roller discos were all the rage, and no one had heard of Steve…
Litecoin (LTC): What It Is, How It Works, Vs. Bitcoin
What Is Litecoin (LTC)? Litecoin (LTC) is a cryptocurrency created from a fork in the Bitcoin blockchain in 2011. It was initially designed to address the developer’s concerns that Bitcoin…