Economy: What It Is, Types of Economies, Economic Indicators.

Economy: What It Is, Types, Indicators What are the 5 economic indicators? 1. Gross domestic product (GDP) 2. Gross national product (GNP) 3. Net national product (NNP) 4. Per capita income 5. Employment What are the 4 levels of inflation? The four levels of inflation are as follows: 1. Cost-push inflation: This occurs when the … Read more

Non-Sufficient Funds (NSF).

Non-Sufficient Funds (NSF) is a term used to describe a situation where there are not enough funds available in a checking account to cover a check that has been written. When this occurs, the check will usually be returned by the bank unpaid. In some cases, the bank may choose to pay the check and … Read more

Accrued Interest Definition & Example.

Accrued interest is the interest that has accumulated on a bond since the last interest payment was made. For example, if a bond pays interest semi-annually and the last interest payment was made six months ago, the accrued interest would be the interest that has accumulated on the bond over the past six months. The … Read more