The global economy is an ever-changing landscape that has a great impact on businesses of all sizes. It is the sum total of all economic activity taking place around the world. Its movements can have both positive and negative effects on businesses. How does the global economy affect businesses? By understanding the global economy, businesses+ […]
Customers (individuals/families, companies) can ‘deposit’ their money with the bank. In this way, in a sense, they lend their money to the bank. In exchange, they receive interest from the bank. There are different types of deposits, such as sight deposits, savings deposits, term deposits, and certificates of deposit. The banks then convert these+ […]
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