Discover M1 Money Supply, its components, calculation, and impact on the economy. Learn how it differs from M2 and M3, and ...

TL;DR – We have dug ourselves in trouble by way of varying measures of monetary expression. Bitcoin gives us, at the very least, a standard unit with which to measure the distance to the surface. The ...

Fiat money refers to a type of currency that holds value because a government declares it as legal tender, rather than being backed by a physical commodity like gold or silver. Most modern economies ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...

A letter of explanation for a mortgage is a document that provides further details about an applicant’s creditworthiness or financial circumstances. The letter of explanation addresses red flags that ...