An economic condition that sees a reduction in the purchasing power of a currency. Inflation is defined by a prolonged and widespread increase in the prices for goods and services.
Did you know?
Between the years 1860 and 1913, the number of foreign banks operating in London increased from 3 to 71.
Word of the day
"Basket Currency" - A currency used as a reference point for a currency peg.
There is no get-rich-quick formula. If someone promises you one, take a step back, and then run as far away from them as possible.