How_Money_Works_-_The_Facts_Visually_Explained
138 139 GOVERNMENT FINANCE AND PUBLIC MONEY Attempting control Bank counteractions When a country’s central bank expects the cur ...
How it works In most countries, it is the current working generation that is funding the pensions of those who have reached reti ...
140 141 GOVERNMENT FINANCE AND PUBLIC MONEY Attempting control $ Increased assets from investments SOCIAL SECURITY BENEFITS LIAB ...
Why governments fail financially It is possible for a government to fail financially, and there are two main ways this can happe ...
142 143 GOVERNMENT FINANCE AND PUBLIC MONEY Why governments fail financially Why governments fail financially Gaining trust Trus ...
How it works Trust in the value of a currency is essential to maintain price stability in modern economies. Governments therefor ...
GOVERNMENT FINANCE AND PUBLIC MONEY Why governments fail financially 144 145 STOPPING HYPERINFLATION Hyperinflation sets in and ...
INTEREST PAYMENTS Recession How it works Ideally, government borrowing should remain stable. Sometimes, however, even a well-run ...
146 147 GOVERNMENT FINANCE AND PUBLIC MONEY Why governments fail financially Borrowing increases DEBT RISES Borrowing increases ...
$ $ $ $ $ $ $ $ $ $ US_148-149_OPENER_CH4.indd 148 13/10/2016 16:19 ...
PERSONAL FINANCE ❯ Worth, wealth, and income ❯ Investments for income ❯ Wealth-building investments ❯ Managing investments ❯ Pen ...
Assess situation Calculate the value of assets such as cash, stocks, bonds, property, and retirement funds. Then subtract liabil ...
150 151 PERSONAL FINANCE Worth, wealth, and income DEBT DEBT Financial independence Effective investment over a lifetime builds ...
Assets Easily accessible sources of cash ❯❯Cash in hand ❯❯Cash held in current account ❯❯Cash value of life insurance ❯❯Money ma ...
152 153 PERSONAL FINANCE Worth, wealth, and income Can be sold for cash but may take time ❯❯Home, which can be sold if downsizin ...
Income and wealth Two of the key concepts of personal finance, income and wealth, represent different states of an individual’s ...
154 155 PERSONAL FINANCE Worth, wealth, and income How it works Wealth is the value of a person’s assets, savings, and investmen ...
How it works There is no formula to determine how much wealth is enough, or how much income is needed to build wealth. It depend ...
156 157 PERSONAL FINANCE Worth, wealth, and income A PERSONAL BUDGET There are many ways in which household spending can be curt ...
How it works Wealth can be built in various ways, almost all of which rely on income. Inheriting money, property, or other asset ...
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