Money is a medium of exchange that is used to buy and value goods and services in the market. It comes in the form of coins or paper/bank notes. Nowadays money has evolved into plastic money whereby we have debit and credit cards that are issued by banking institutions. Money is used to carry out transactions. To others, money is power. Advantages of money It is a means of … [Read more...] about Short Note on Money
Finance
Major Differences between Debit and Credit Cards
Debit and credit cards look similar: both are plastic cards that enables you to make payments. You can use it online or in store. However, whilst with a debit card you pay immediately from your own bank account, with a credit card, you pay using money that the credit card company or bank has loaned you and then pay the company or bank back later. Though they may look very … [Read more...] about Major Differences between Debit and Credit Cards
Brief Overview of Credit Cards: Meaning, Advantages and Disadvantages
Introduction: Credit cards are among the most popular financial product of modern times. The introduction of plastic money has completely changed the methods of payment. What is the meaning credit cards? Credit cards are bank cards that enable us to buy goods and services without paying for them immediately. Only after a number of days or months will we have to settle our … [Read more...] about Brief Overview of Credit Cards: Meaning, Advantages and Disadvantages
Brief Overview of Mutual Funds: Meaning, Advantages and Disadvantages
What are Mutual Funds? A mutual fund is a professionally managed fund into which a number of investors have pooled their money. An expert is in charge of the fund and invests it according to the purpose of the fund. Mutual funds are a type of investment vehicle. This investment vehicle pools funds from various stakeholders and uses them to invest in assets. An equity oriented … [Read more...] about Brief Overview of Mutual Funds: Meaning, Advantages and Disadvantages
Paragraph on ‘Save Money’
What is Money? Money is anything that we can use to exchange for products and services. Early monetary systems involved shells and other natural objects, whereas money today usually takes the form of coins and bank notes. Why is saving money important? 1. For the present. Having enough money enables us to meet our day to day expenses: food, clothing and bills. 2. For the … [Read more...] about Paragraph on ‘Save Money’