Adjustable-Rate Mortgage (ARM): What It Is and Different Types
What Is an Adjustable-Rate Mortgage (ARM)? The term adjustable-rate mortgage (ARM) refers to a home loan with a variable interest rate.…
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The 2007–2008 Financial Crisis in Review
The financial crisis of 2007–2008 was years in the making. By the summer of 2007, financial markets worldwide showed signs…
How Many Bitcoins Are There?
As of June 2022, about 2 million bitcoins (BTC) are left to be mined, meaning that there are nearly 19 million currently…
What Is DeFi? Decentralized Finance, Explained
DeFi, short for decentralized finance, is more than just a popular buzzword in cryptocurrency. It’s a concept that is disrupting…
Margin Trading: What It Is and How It Works
Regarding trading and investing, the margin is the borrowed money some traders use to execute their strategy. Buying assets on…
Financial Institution Definition
Financial Institution – A “financial institution” includes any person doing business in one or more of the following capacities: (1) Bank (except bank…
Consumer Price Index (CPI) Explained: What It Is and How It’s Used
What Is the Consumer Price Index (CPI)? The Consumer Price Index (CPI) measures the monthly change in prices paid by…
Online Banking Security: How To Protect Your Online Banking Information
Digital banking (online and mobile banking) makes managing finances easy. With digital banking technology, you can pay bills, deposit checks…
What Was the Great Depression?
What Was the Great Depression? The term “Great Depression” refers to modern history’s most significant and prolonged economic recession. The…
What is the U.S. Treasury?
The U.S. Treasury, created in 1789, is the government department responsible for issuing all Treasury bonds, notes, and bills. The Internal Revenue…