inflation
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Finance
How Wages Have Changed Over Time?
Everything in your life revolves around your wages. If your wages are low, the house you live in, the car you drive, the food you eat, the holidays you take and the treats you purchase will all be affected. Over the last few decades or so, we’ve seen huge changes in the financial industry following large collapses such as the…
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Finance
5 Ways Interest Rates Have Changed Over Time
Regardless of the type of loan you apply for, you will be presented with the additional expenses you have to pay. You can observe the interest rate as the fee for a service of lending the money, and also, in a way, the compensation for the potential risk. If you are thinking about taking a loan from the bank, it…
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Finance
Russia Ends Dollar/Euro Currency Peg, Moves to Free Float
The Bank of Russia took another step towards a free float ruble by abolishing the dual currency soft peg, as well as automatic interventions. Before, the bank propped up the ruble when the exchange rate against the euro and dollar exceeded its boundaries. “Instead, we will intervene in the currency market at whichever moment and amount needed to decrease the…
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