Month: January 2025
13 posts
Escrow accounts come in different types.
It’s frightening to think that buyers and sellers are often forced to work together on the basis of…
The Causes and Effects of Cyclical Unemployment
High unemployment rates are mainly caused by cyclical unemployment. This is caused by a decline in the cycle of business. This…
What Is Escrow?
DEFINITION A Escrow agreement is a financial arrangement in which a third-party controls the money and assets of two parties…
How to Use a Bank wire
A wire transfer is a great way to send money quickly and safely. It is a fairly simple process,…
What is a bank statement?
Your financial institution prepares a bank statement each month. A bank statement shows all the transactions and income related…
How to conduct an international wire transfer
The fastest way to transfer money from one bank directly to another is through wire transfers. It’s relatively easy…
What is per capita?
“Per capita ” means “per person.” In statistics, business, and economics, this term is used to describe an average per…
What is the New York Stock Exchange and how does it work?
DEFINITION Stagflation is when there’s high inflation during a time of slow economic growth. Stagflation is a problem for policymakers,…
How to Open a Banking Account and what you need.
You’ll have to select a bank, and then provide them with the necessary information. This includes your ID…
Co-op shared branching is another credit union perk.
You may already be aware that a Credit Union is a popular banking option for many because of its community…