Hyperinflation is when a rate of inflation grows exponentially, and a currency is rapidly devalued. Hyperinflation occurs in the midst of dire economic circumstances.
This is usually partially due to the piling on of downward price pressure in which newly printed currency rapidly floods the market as the government attempts to cover debt obligations. Sometimes this stems from situations where the government is having trouble receiving adequate taxes from the population.
When a currency is rapidly inflating, people will seek to exchange it for physical goods or foreign currencies as quickly as possible, which increases the Velocity of Money and adds to the inflation. There are many examples of hyperinflation, going back to ancient Egypt and plenty more in the modern era.
In general, a will must be signed in the presence of two witnesses, each of whom must also sign your will. Whether or...
The Form 706 is required not only if there is a tax implication for an estate, but also to claim exclusions
Publication 515 serves as a guide for employers regarding the tax withholding requirements for nonresident alien employees
The Descending Triangle pattern has a horizontal bottom which represents the support level, and a down-sloping top line
Collateral is an asset/property that a borrower commits to a lender, which will be forfeited if the borrower defaults
A Bill of Sale is essentially a trumped-up receipt, unless you are in England. It is a document affirming ownership
When foreigners purchase shares of domestic companies to add diversification it is known as Foreign Portfolio Investment
Leading indicators are economic or price data which have some degree of correlation with a movement in the market
In a dividend arbitrage, money is made by purchasing a stock before the ex-dividend date and then exercising a put...
The Chicago Mercantile Exchange, now known as the CME group, is the largest derivatives exchange in the world