Let's Talk Money Word of the day is to help educate individuals on finance terms that everyone needs to know. The Money Words of the Day will help individuals make more informed decisions about Money. The Word for Day 10 is Inflation.

1. LET’S TALK MONEY WORD
OF THE DAY JANUARY 10TH
SHONDA MILES
WWW.SHONDAMILES.COM

2. INFLATION
• A GENERAL INCREASE IN PRICES AND FALL IN THE PURCHASING VALUE OF MONEY.
• WHEN A DOLLAR BUYS LESS THAN YOU WOULD EXPECT IT TO, WE CALL THAT
INFLATION. INFLATION IS CAUSED BY A VARIETY OF FACTORS, BUT MOST OF THEM
ARE RELATED TO INTEREST AND DEBT. WHEN THE FEDERAL RESERVE BANK RAISES
INTEREST RATES, IT CAUSES THE DOLLAR TO INFLATE. THERE IS MORE MORE IN THE
SYSTEM, SO EVERY DOLLAR IS WORTH JUST A LITTLE BIT LESS.
READ MORE:
HTTP://WWW.BUSINESSDICTIONARY.COM/DEFINITION/INFLATION.HTML#IXZZ3WQL
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3. INFLATION
• A PERSISTENT, SUBSTANTIAL RISE IN THE GENERAL LEVEL OF PRICES RELATED TO AN INCREASE
IN THE VOLUME OF MONEY AND RESULTING IN THE LOSS OF VALUE OF CURRENCY
• INFLATION IS THE RATE AT WHICH THE GENERAL LEVEL OF PRICES FOR GOODS AND SERVICES
IS RISING AND, CONSEQUENTLY, THE PURCHASING POWER OF CURRENCY IS FALLING. CENTRAL
BANKS ATTEMPT TO LIMIT INFLATION, AND AVOID DEFLATION, IN ORDER TO KEEP THE
ECONOMY RUNNING SMOOTHLY.
READ MORE: INFLATION DEFINITION | INVESTOPEDIA
HTTP://WWW.INVESTOPEDIA.COM/TERMS/I/INFLATION.ASP#IXZZ3WQNCNDHP
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• AS A RESULT OF INFLATION, THE PURCHASING POWER OF A UNIT OF CURRENCY FALLS.

4. LET’S TALK MONEY
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