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Tip of the Day Re-check Your Withholding Every Year

Re-check Your Withholding Every Year - Life has a funny way of changing, but missing golden opportunities for tax savings doesn't make us neglectful, it makes us silly. ...

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Hyperinflation

Definition: Hyperinflation is extremely rapid inflation.html">inflation.  During hyperinflation, the cost of goods rise at an extraordinary rate.

TeenAnalyst Advice: Hyperinflation usually occurs in small, third world countries with less currency stability.  In the United States, our average inflation rate is about 3.5%, however it has been as high as double digits in the 1970's.

The most famous case of hyperinflation occurred in Germany in the 1920's.  Inflation was so out of control that it was cheaper to burn German currency for heat than it was to use it to buy firewood!

 

Discuss It!

sell my miles said:

Very rapid inflation, oops that is an unacceptable term for those who work under this field. The currency stability must have to be done as soon possible to make the hyperinflation to get away. I really hate this inflation.

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Definition of the Day Redemption Price

Redemption Price - The redemption price of an issued stock, preferred stock or, bond known as the redemption value. This means that when you first divested and, purchased a preferred stock, well informed at the time of purchase what the specified price was. The set price of the stock for...

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