Banking on Confidence: A Guidebook to Financial LiteracyiUniverse, 16 sty 2015 - 228 Money makes the world go around, but too many people don’t understand how it works—and they pay the consequences. Dale K. Cline, a certified public accountant and real estate investor and developer, helps everyday citizens boost their financial literacy in this easy-to-understand guidebook. In plain English, he focuses on the nuts and bolts of the economy, including how: confidence, monetary policy, and fiscal policy form the economy’s foundation; banks interact with each other, the Federal Reserve, and the US Treasury Department; prices for goods such as gold, oil, and real estate are determined. You’ll also learn how to read basic accounting and financial statements and the role that government plays in economic cycles. Just as important, you’ll understand how distant events in China and elsewhere can impact you here at home. While the economy is always changing, it’s a function of human circumstances—and it’s possible to understand its universal truths. Once you do, you’ll have the facts you need to transform your financial future by Banking on Confidence. |
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American amount assets bank’s balance sheet basic bonds borrowing bubble cap rate capital cash central bank changes China Chinese circulation citizens commercial banking system confidence cost countries country’s create debits debt deficit spending deposits dollar domestic economists economy effect equilibrium Eurozone example excess reserves exchange rate exports factors fear Fed funds rate Fed’s Federal Reserve fiat currency fiscal policy foreign exchange market fuel future global gold standard government spending growth impact income increase industry inflation interest rates intervention investment investors lending liabilities loan maintain monetary policy money supply open market operations overall PBOC PBOC’s peak oil percent private sector production profit purchase push quantitative easing ratio real estate real-estate recession relative reserve pool reserve requirements result role shadow banks shift simply speculators sterilization supply and demand trade transactions Treasury securities typically understand United world reserve currency yuan