Money in Canada typically comes from two sources. Canada’s central bank, called the Bank of Canada (BOC), can expand monetary…
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Does Raising the Minimum Wage Increase Inflation?
As of 2025, the federal minimum wage in the U.S. is $7.25 an hour and has not been increased since…
Read MoreCurrency Reserve: Overview, History, Examples
A currency reserve is a currency that is held in large amounts by governments and other institutions as part of…
Read MoreTier 1 vs. Tier 2 Capital: What's the Difference?
Tier 1 and Tier 2 are two types of capital banks hold. Tier 1 capital is a bank’s core capital,…
Read MoreWhat Is the Gold Standard? History and Collapse
The gold standard is a monetary system in which the value of a country’s currency is directly linked to gold.…
Read MoreDeposit Multiplier vs. Money Multiplier: What's the Difference?
Deposit Multiplier vs. Money Multiplier: An Overview The terms “deposit multiplier” and “money multiplier” are often confused and used interchangeably…
Read MoreHow Central Banks Can Increase or Decrease Money Supply
The Fed’s Monetary Policy Tools Central banks use several different tools to increase or decrease the amount of money in…
Read MoreHow Do Government Subsidies Help an Industry?
Do Subsidies Help the Economy? Government subsidies can boost the economy, either by paying for part of suppliers’ production costs…
Read MoreCapitalism vs. Socialism: What's the Difference?
While capitalism and socialism are often presented as opposing economic systems, in reality, the economies of most countries exist on…
Read MoreWhat To Expect From Tuesday's Report on Inflation
Key Takeaways Inflation as measured by the CPI likely continued to accelerate in July, rising to a 2.9% annual increase…
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