Finance Understanding Collateral Finance Series I Education Hub Collateral in the financial world is an asset that a borrower pledges as security for a loan. For example, when a homebuyer obtains a mortgage, the home serves as the collateral for the loan. For a car loan, the vehicle is the collateral. A business that obtains financing …
Finance Major Economic Indicators Finance Series I Education Hub Economics is the study of the economy, and that picture is incomplete without a set of economic indicators. Learning Tip Economic indicators give us method to study economies via numerical and statistical analysis. These indicators are quite crucial for the study of economy. Macro-economic Major Economic Indicators …
Finance Understanding Economy Finance Series I Education Hub An economy is a system of inter-related production and consumption activities that ultimately determine the allocation of resources within a group. An economy may represent a nation, a region, a single industry, or even a family. Learning Tip The production, consumption, and distribution of goods and services combine …
Finance Basics of Personal Finance Finance Series I Education Hub Personal finance is the knowledge, instruments, and techniques used to manage your finances. When you understand the principles and concepts behind personal finance, you can manage debt, savings, living expenses, and retirement savings. Learning Tip Smart personal finance involves developing strategies that include budgeting, creating an …