How_Money_Works_-_The_Facts_Visually_Explained

218 219 PERSONAL FINANCE Debt 12 13 14 15 16 17 18 19 20 21 22 23 24 25 TIME (YEARS) REVOLVING CREDIT A credit card is a form of ...

$ $ Traditional finance Conventional money unique to a country or region. Also called fiat currency, from the Latin word fiat me ...

220 221 PERSONAL FINANCE Money in the digital age TIMELINE OF DIGITAL MONEY TIME (YEARS) Digital currency Money that can be trad ...

T r a d it io nal^ curre n c y How it works There are two main features of a cryptocurrency. The first is that it exists only in ...

222 223 T r a d it io nal^ curre n c y PERSONAL FINANCE Money in the digital age Look at market capitalization and daily trading ...

Bitcoin How it works Launched in 2009, Bitcoin was the first ever cryptocurrency and is still the most widely used. Unlike conve ...

224 225 PERSONAL FINANCE Money in the digital age Blockchains The blockchain is a bit like a public ledger that can be viewed o ...

Crowdfunding How it works Most fundraising focuses either on charitable causes or on investment in a worthwhile or potentially l ...

226 227 PERSONAL FINANCE Money in the digital age Launching online Digital marketing techniques help target those who are most l ...

P 2 P i n te rm ediary Peer-to-peer lending Also known as crowdlending, peer-to-peer lending is a way to match savers looking fo ...

228 229 P 2 P i n te rm ediary PERSONAL FINANCE Money in the digital age Borrowers After being subject to a credit check and gra ...

$ $ € $ PENSION POT $ $ US_230-231_OPENER_CH5.indd 230 13/10/2016 16:22 ...

Money in the US US_230-231_OPENER_CH5.indd 231 13/10/2016 16:22 ...

New York Stock Exchange The center of the US financial world is the New York Stock Exchange (NYSE) on Wall Street in New York Ci ...

232 233 To apply to be on the list, a company must have a minimum of 1,250,000 publicly traded shares and the bid price of at le ...

The Fed and CFPB The Fed investigates claims made by individuals who have been treated unfairly. Complaints can be filed on the ...

234 235 Types of companies The filing procedure to register a business name varies by state, although forms are usually filed wi ...

Revenue from US taxes In 2015, the federal government spent $37 trillion on services for the public. These services included Med ...

236 237 Individual income tax is one of the biggest sources of revenue for most states. Tax rates vary widely among states. Flor ...

The national debt The national debt is the result of the US government borrowing money to cover years of operating with a budget ...