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Articles Containing Tag: interest rates

Inflation: What Is It, and How Bad Is It?

After the Coronavirus outbreak was declared a pandemic, Congress passed stimulus and relief packages that cost trillions of dollars to help people who had to stop working because of the lockdown. But now, many Americans worry that all this new… Read More

What is Interest?

Everybody is a borrower and a lender in today’s economy. Every time a person uses a credit card, they are borrowing money from a credit lender. In each transaction, interest is involved. But what is interest exactly, and how does… Read More