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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…
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…
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? 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.…
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…
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…
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…
The pro-Russian hacktivist group ‘KillNet’ is claiming large-scale distributed denial-of-service (DDoS) attacks against the websites of several major airports in the U.S., making them inaccessible. The DDoS attacks have overwhelmed…
In an unprecedented move, Ukraine’s digital transformation minister has called for cyber volunteers around the world to attack targets with links to Russia. Thousands have answered his call. Who are…
UBER’S FORMER CHIEF Security Officer (CSO), Joe Sullivan, was found guilty this week of actively hiding a data breach from the US Federal Trade Commission (FTC) and concealing a felony.…