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,…
Extensions of Unemployment Benefits
Unemployment benefits are available to anyone who was laid off and is actively looking for work. Those who were…
How to check your bank balance online
You should always know the balance of your account, and how much is available to spend. You can keep…
What is fannie mae?
Fannie Mae, a quasi-government agency, makes home buying and renting more affordable while reducing risks for lenders. It is…
Black Tuesday: Its Causes, and How it Kickstarted the Depression
Black Tuesday was the last and fourth day of the 1929 stock market crash. It happened on October 29,…
What is elastic demand?
Elastic Demand is when the price of an item or service has an impact on consumer demand. Consumers will purchase…
You can pay with your mobile phone
Are you carrying your phone more than a wallet or purse with you? Then paying with your phone could…
What is an ABA number?
The ABA number is a nine digit code used to identify banks in the United States. It allows…
What is long-term unemployment?
It is important to understand the statistics and the causes and consequences of long-term unemployed. The Numbers In…
What is a bear market?
DEFINITION A Bear Market is when the broad market price falls at least 20% over a period of a few…