This article carriers on from the one on Shopping In Chinese and Can You Count In Chinese? The unit of currency in China is called Kuài, as such the units of currency in China are: Yī kuài (1), wǔ kuài (5), shí kuài (10), èrshí kuài (20), wǔshí kuài (50), and yī băi kuài (100). … Continue reading Qǐng wèn, … duōshao qián?
The inflation rate is a measure of the increase in asset prices, measuring the percentage change in the average price level from the previous year. Where a positive inflation rate means rising prices, a negative inflation rate means falling prices, and a declining positive inflation rate means rising prices at a slow rate. Inflation can be … Continue reading Inflation
The largest counterfeiting operation used in war time. Germany and England during World War II, used a paper weapon on each other, to print each others currency in order to inflate each economy. Their economic warfare flooded each economy with large amounts of forged notes all at the expense of citizens increasing shoeleather and menu … Continue reading Economic Paper Warfare II – Operation Bernhard
Mike Maloney documentary series on the Hidden Secrets of Money covers the evolution of money and its properties. Topics on economics that are covered include deficit spending, fiscal policy, debt ceiling, and trade cycles. Also, he reviews the role of the Central Bank and how its creates currency affects asset prices and purchasing power. To … Continue reading Hidden Secrets of Money – Mike Maloney
The Reserve Bank of Australia (RBA) was created by the Reserve Bank Act 1959 as “Australia’s central bank, which is responsible for managing the Commonwealth’s monetary policy, ensuring financial stability, and printing and distributing currency.” (Reserve Bank of Australia, 2011) This article in explaining the premise of the RBA and monetary policy will consider … Continue reading Monetary Policy and the Reserve Bank of Australia