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##### Financial Markets: How Savings Accounts Gain Interest

For most people, the first bank account they will have will likely be a savings account. This traditional account pays...

##### What is Opportunity Cost?

Opportunity cost sounds like a dry topic, but it is a concept that can be applied to many aspects of...

##### Finances at Work: The Time Value of Money

Finances at Work: The Time Value of Money Whenever we are looking to understand the true value of money, it...

##### Relation between Inflation and Interest Rates (graph)

A number of people and students wonder about the relationship between inflation rate movements and the quarterly interest rate (nominal...

##### How is Inflation Rate Determined by a Country?

This question was recently posted. how inflation rate of any country is determined? i mean which yardstick is used to...

##### Microeconomics Profit Maximization: Shutdown Point

Determining the Shutdown Point of a Firm This continues a previous post on profit maximization. The question we want to...

##### Microeconomics Cost Formulas

Here is a list of some of basic microeconomics formulas pertaining to revenues and costs of a firm. Remember when...

##### Trade Offs and Indifference Curves

Before we talk about choices, preferences, trade-offs and indifference curves, we should briefly look over some key terms. We assume...