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Monthly Archives: September 2018
On Inflation II
On Inflation II A) How does it affect us? Let me explain. If a person is earning P10,000.00 per month, his/her income has devalued by 6.4% because of inflation. Devaluation means the reduction of value of a currency. In lay … Continue reading
On Inflation
On Inflation: Inflation in lay man’s term means there’s too much money in circulation. Thereby affecting the people’s spending and the cost of goods. Let me elaborate, when people have money, people tend to spend. And when people spend, the … Continue reading
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Tagged currency trading, gross domestic product, inflation, Philippines
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