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what is the Libor

What is the Libor and Why You Should Know

What is the Libor? Libor or London Interbank Offered Rate is the average interest rate estimated by top banks in London that is used as a benchmark for short-term interest rates around the world.  Financial institutions like banks, credit card and mortgage companies have  $450-$800 Trillion in derivative and other financial products tied to the [...]

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Finance for Dummies – BLS Consumer Expenditure Survey

Finance for Dummies is a series about personal finance topics for those without a PhD in Finance! What is the Consumer Expenditure Survey? The Consumer Expenditure Survey or CE, consists of two surveys,  the Diary Survey and the Quarterly Interview Survey which provides information about the buying habits of the American Consumer.  Survey Data is [...]

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Finance for Dummies – Credit Reports

Your credit report is used by a lot of businesses: utility companies, mortgage lenders, prospective employers, banks, and others.  It is vital that you understand what information that is contained on your credit report and the companies that gather that information, credit bureaus. What information is on my Credit Report? Your credit report is a [...]

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Finance for Dummies – Federal Reserve Monetary Policy

Finance for Dummies is a series about personal finance topics for those without a PhD in Finance! What is Monetary Policy? Monetary Policy is what the Federal Reserve does to influence the amount of credit and money available in the U.S. economy.  By influencing money and credit, the Federal Reserve is able to  interest rates [...]

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Finance for Dummies – CPI

Finance for Dummies is a series about personal finance topics for those without a PhD in Finance! Consumer Price Index – CPI What is the CPI? The Consumer Price Index is a measure of the average change in the price of a basket of consumer goods and services. 1982-1984 is used as the base and [...]

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