FinancialPlanning
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Understanding How GDP Deflator is Calculated
Formula and Components of GDP Deflator Calculation The GDP deflator is a measure of price inflation or deflation that is used to adjust nominal GDP to reflect changes in the purchasing power of money. It is calculated by comparing the nominal GDP of an economy to its real GDP, which is adjusted for changes in the price level over time.…
Read More » - Lifestyle
How Much Cash Should I Keep On Hand?
Why It’s Important to Have Cash on Hand Having cash on hand can provide a sense of security and help you prepare for unexpected expenses or emergencies. It can also give you the flexibility to take advantage of opportunities that may arise, such as a sudden sale or investment opportunity. In addition, there are some situations where cash may be…
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How Long Does It Take for a Check to Clear?
Understanding the Check Clearing Process When you deposit a check, the funds may not be immediately available in your account. This is because the check has to go through a process called clearing before the funds can be credited to your account. Check clearing refers to the process of transferring funds from the account of the check writer to the…
Read More » - Technology
How Many Days in a Year?
Understanding the Concept of a Calendar Year A calendar year is the period of time that a calendar uses to cycle through its months and days. It is based on the Earth’s orbit around the sun, which takes approximately 365.24 days to complete. To compensate for this extra time, we add an additional day to our calendar every four years,…
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