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Economics and Finance
Did you get frieghtened by these two words of the topic? Relax! Here we are going to inform you with some simple words which we use in our daily lives.
 
 
   
   
What is inflation?
A rate of increase in the general price level of all goods and services that results in a decline in the purchasing power of money is called the rate of inflation. It reduces the value of money over the period of time.
 
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What is a credit card?
A credit card is part of a system of payments named after the small plastic card issued to users of the system. The issuer of the card grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.
 
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What is insurance?
The act of insuring, or assuring, against loss or damage by a contingent event; In legal terms, it is a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks by certain specified risks.
 
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What is a mutual fund?
A mutual fund is a trust that pools the money of several investors and manages investments on their behalf. Legally it is like any other company you know of. Hence, the fund is also called a mutual fund company. The fund company takes your money and like you from other new investors. This is added to the money that's already invested with the fund.
 
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