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The Federal Reserve of the USA (United States of America) is the central bank of the USA. Like we have the RBI as the central bank of India, the USA has the Federal Reserve. It is the U.S. central bank, created by the Federal Reserve Act of 1913. ‘The Fed’ is a popular short form for the Federal Reserve. … Read more
The Central statistical office (CSO) calculates and publishes the data related to the inflation, The CSO calculates the Consumer price index (CPI). As a consumer, we should be aware about the CPI as it shows the retail level inflation in an economy. The other inflation type, which is wholesale price index (WPI). The Office of … Read more
Inflation is the increase in the market value/ price of goods and services. In simple words, when you buy something (like water, cloths, house, petrol, internet service, etc.) it becomes more expensive/costly than before. This thing/phenomenon is inflation. It can be caused by many economic factors. Demand and supply are the central aspects of the … Read more
Government Securities are the debt instruments of the governments. Government needs extra funds for the day-to-day activities and for other purposes. To get money, Govt issues such securities and investors do invest in it and fund the Govt. itself. Many mega projects of the Govt. of India are funded by such G-sec. What is a … Read more
The Repo Rate/Repurchase rate is the benchmark ‘interest rate’ of the RBI at which the commercial banks borrow money from the RBI. It is a short term borrowing, meaning the banks borrow for a time period of less than a year. Why do banks borrow ? 🤔 Why do banks borrow from the central bank … Read more
A person puts her money in a savings account at a bank. She chooses a savings account because we know that in a savings account we get some interest rate on our deposits. But exactly how much money we get if we put it in a savings account? Please go through our previous post – … Read more
We have seen earlier what a bank is and what the types of banks are in the previous post. Now, we will look into the topic of banks and their profit. I’d like you to please read our previous article about the banking sector in India. Now it’s time to answer a very common question, that is – 👇 How do banks … Read more
Indian Banking sector has public sector banks like SBI, Bank of Baroda and private sector banks like HDFC bank, ICICI bank. India’s banking system also includes the foreign banks, payments banks and small finance banks, Co-operative banks. RBI is the regulator of the banking system in India. what is a bank ?🤔 bank is a … Read more
An economy – divided into three sectors before exploring these three sectors we should understand what is an economy ? ‘economy’ is a system through which a country or society plans & organizes the use of the available Resources. The purpose of such a system is to utilise the limited resources and produce the required … Read more