Smart Track Your Financial Freedom
World economics, also known as global economics or international economics, is the study of economic activity and relationships between countries worldwide.
China’s economy produced $22.5 trillion in 2019, according to the World Bank. That’s based on purchasing power parity which takes into account the effect of exchange rates, making it the best method for comparing gross domestic product (GDP) by country. Note China is the world’s largest economy. The United States is second, producing $20.5 trillion. The European Union is third, at $19.9 trillion.1 China … Read more
If you thought interest rates on loans, credit cards, or mortgages were already high, hang on tight. As widely anticipated, the Federal Reserve once again raised its benchmark interest rate 0.75 percentage points (75 basis points) on Wednesday, bringing it to a range of 3.75%-4% and said further increases were likely in the future.1 It is … Read more
A coin shortage can occur when the supply of coins in circulation falls below normal levels, which can be inconvenient for businesses and consumers alike. When this happens, you may be wondering why and what it means for you. Several things can prompt a coin shortage. The more you know about how change shortages work, … Read more