“Black money” flourishes in environments where tax officials are corrupt, tax fraud is commonplace, and unlawful financial activities tolerate. Take the case of a man who sells his apartment for 1 million taka and receives 70 lakh taka in cash and a check for the remaining 900,000 taka. In the course of this transaction, Tk30 …
Electronic money, digital money, or digital currency are all names for the same thing. In this context, “digital currency” refers to any form of currency, money, or money-like item that is predominantly managed, controlled, or traded via electronic computer systems, most notably those connected to the internet. Digital currencies include cryptocurrencies like bitcoin and ethereum, …
Those who are financially successful but lack financial management skills often frivolously spend their wealth. Although the person has access to and regularly spends money, their financial condition remains unchanged. We’re going to take a look at the importance of money management and discuss related matters in this topic. Finding your way around fiscal matters …
Most people in the United States are deeply in debt, pay exorbitant fees, and have no idea where their money goes because they lack a solid financial foundation and an in-depth understanding of personal finance. You can keep from falling into the trap of debt and becoming attached to creditors and even your possessions if …
By altering the amount of currency in circulation, the Federal Reserve can affect inflation in either direction.Banks play a crucial role in ensuring that people have access to funds in times of need. The Fed merely acts as a watchdog, with regulatory compliance ultimately falling on individual institutions. One of the most notable distinctions between …
