Simple Inflation Explanation / What They don't want us to know !

In this video, I talk about Inflation and Interest rates.

Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over some period of time. It is the rise in the general level of prices where a unit of currency effectively buys less than it did in prior periods.

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed. The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent deposited or borrowed.
#inflation #interestrates #Banking
Previous video about Fractional Reserve Banking System
https://www.youtube.com/watch?v=oWwA68uCWC4
Inflation Explained ! / What They don't want us to know !
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Видео Simple Inflation Explanation / What They don't want us to know ! канала Mina G