A credit card is a simple yet no-ordinary card that allows the owner to make purchases without bringing out any amount of cash. Instead, by using a credit| Corporate Finance Institute
The real economy refers to all real or non-financial elements of an economy. An economy can be solely described using just real variables.| Corporate Finance Institute
Normal goods are a type of goods whose demand shows a direct relationship with a consumer’s income. It means that the demand for normal goods| Corporate Finance Institute
A medium of exchange is a transitional instrument used to settle the trade of products and services among market participants. It is a system| Corporate Finance Institute
A Giffen good, a concept commonly used in economics, refers to a good that people consume more of as the price rises. Therefore, a Giffen| Corporate Finance Institute
Fiat money is a currency that lacks intrinsic value and is established as a legal tender by government regulation. Traditionally, currencies| Corporate Finance Institute
Deflation is a decrease in the general price level of goods and services. Put another way, deflation is negative inflation. When it occurs,| Corporate Finance Institute
Enroll in CFI’s FX Fundamentals course to get a foundational understanding of foreign exchange, its history, systems, and participants.| Corporate Finance Institute
Time to further your career. Explore free economics resources and get instant access to flexible, on-demand training led by CFI's expert instructors.| Corporate Finance Institute