Bank rate: this is the rate set by central banks (i.e. Bank of Canada, European Central Bank) that sets the interest rate at which it will lend to domestic banks. This can affect economic activity. When interest rates rise, people tend to hoard cash, spend less, take out less loans. When interest rates fall, people... Continue Reading →
Money is a wicked resource; it can make or break, it can rise and fall, it can do many things or do nothing at all, and yet, it is a piece of paper (or a synthetic polymer if you're in Canada) that runs the entire scheme of social institutions, investments, purchases, debts, etc. How fascinating... Continue Reading →
Money Fruit is a blog series that aims to uncover the financial rules which govern our society, in order to better our reader's financial literacy and fitness. We are your partner in understanding financial current events and hope to inspire our readers to become wealthier in their personal finances. We are not affiliated with any... Continue Reading →
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