Breaking Kenya News Forum


Money and Inflation

The general rise in the price level in an economy over a period of time, resulting in a sustained drop in the purchasing power of money which therefore means that if you money is lying somewhere in the bank and there is not interest rat accrued over the period then after a period of let about 5 years that money will not help you so much as it could have if you invested in instead of putting it there in the banks. People love to hear that there money is secure but not bout taking the risk which can lead to loosing the cash or gaining .What do wealthy people know that the poor odo not?

Leave a Reply

Your email address will not be published. Required fields are marked *.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>