central banks

  • Photo of Will the Dollar Be Replaced as the World’s Reserve Currency?

    Will the Dollar Be Replaced as the World’s Reserve Currency?

    For decades, the US dollar has served as the world’s primary reserve currency.  However, the dollar was not always in the premier spot amongst the world’s currencies, surpassing the pound sterling in the twentieth century.  With today’s changing economic environment and shifting global sentiment, other currencies are also gaining influence in the reserve currency arena. With that in mind, what…

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  • Photo of SOFR: How Your Current Student Loan Rates Might Change

    SOFR: How Your Current Student Loan Rates Might Change

    On a typical day, banks lend money to customers who want to buy a home, purchase a car, and/or find the best student loan rates. After their doors close, however, banking firms will also borrow money from investors and government entities. In turn, they use those funds for daily operations, to pay back depositors, and continue to issue loans to…

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  • Photo of How the New Banking Rules Make It Easier to Get a Loan

    How the New Banking Rules Make It Easier to Get a Loan

    In 2010, then President Barack Obama signed the Dodd-Frank Act into law. After the financial crisis, many banks had to maintain a certain amount of liquid assets. If any loanees default, these institutions would still have enough funds to pay their depositors back and honor other financial obligations. Just as importantly, firms had to report their finances to the federal…

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  • Photo of What’s Going On?  Behind the Downward Spiral of Global Interest Rates

    What’s Going On? Behind the Downward Spiral of Global Interest Rates

    Interest, or the money paid to someone for the privilege of using their capital, has historically always been positive.  When you put money into a certificate of deposit, savings, or other deposit account, the bank uses the cash you’ve entrusted to them to loan out to other borrowers or make other investments.  You earn interest for giving them the opportunity,…

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