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What is inlfation? |
| A rate of increase in the general price level of all goods and services that results in a decline in the purchasing power of money is called the rate of inflation. It reduces the value of money over the period of time. |
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What is a credit card? |
| A credit card is part of a system of payments named after the small plastic card issued to users of the system. The issuer of the card grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user. |
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What is insurance? |
| The act of insuring, or assuring, against loss or damage by a contingent event; In legal terms, it is a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks by certain specified risks. |
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What is a mutual fund? |
| A mutual fund is a trust that pools the money of several investors and manages investments on their behalf. Legally it is like any other company you know of. Hence, the fund is also called a mutual fund company. The fund company takes your money and like you from other new investors. This is added to the money that's already invested with the fund. |
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