Category: Finance

A bank statement is a document prepared by your financial institution each month. With a bank statement, you can see all of the income and spending activity related to the
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It’s easier than ever to pay for things electronically, eliminating the need to handle cash. You can use your phone’s mobile wallet as a replacement for payment cards, and you can even
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When you’re already experiencing financial hardship, getting hit with overdraft fees can be devastating, both emotionally and financially. Even when you aren’t facing hard times, an overdraft fee is a
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Investors hear frequent references to monetary policy and fiscal policy, but many do not know exactly how to differentiate these two terms. Understanding the difference may be more important for
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The federal funds rate is the most well-known Federal Reserve tool. But the U.S. central bank has many more monetary policy tools, and they all work together.  Reserve Requirement The reserve requirement refers to
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The Federal Open Market Committee (FOMC) conducts monetary policy for the U.S. central bank. As an arm of the Federal Reserve System, its goal is to promote maximum employment and to provide you
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DEFINITION Monetary policy is a central bank’s actions and communications that manage the money supply. Central banks use monetary policy to prevent inflation, reduce unemployment, and promote moderate long-term interest rates.
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Contractionary fiscal policy is when the government either cuts spending or raises taxes. It gets its name from the way it contracts the economy. It reduces the amount of money
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U.S. federal tax revenue is made up of the total tax receipts received by the government each year. Most of it is paid either through income taxes or payroll taxes. The
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