Saving and Banking in a World of Monetary Chaos What is money? Every finance student is taught that money can be defined as any of the following: A store of value A medium of exchange A unit of account A common measure of value A means of payment A standard for deferred payments As a…
What in the world is going on with the quantitative easing, government debt, banking and gold? Everyone knows that the Federal Government has grown and that it has a debt of over $16 Trillion and that it is growing by just under $1 Trillion a year. Debt and deficits have to be financed by somebody,…
