What is the definition of an interest rate? Interest rates are a proportion of the principal—the amount borrowed—that a lender charges a borrower. The annual percentage rate (APR) is used to describe the interest rate on a loan (APR). An interest rate can also be applied to money earned via a savings account or a […]
What Exactly Is Inflation? Inflation is the gradual loss of a currency’s buying value over time. The increase in the average price level of a basket of selected goods and services in an economy can be used to calculate a quantitative estimate of the rate at which buying power declines. A rise in the overall
Decentralised Finance (Defi): What Is It? Decentralised finance (Defi) is a new financial system based on distributed ledgers that are similar to those used by cryptocurrencies. The system decentralises authority over money, financial products, and financial services from banks and institutions. For many users, the following are some of the main benefits of Defi: It
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