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Understanding Rates Trading

Essentially, the bank is paying you in interest for keeping your savings in that account with them. Interest rates come part and parcel with the loan you’ve taken out, or as part of the savings you’ve amassed. In the case of a loan, your total loan repayments plus the calculated interest amount would be divided […]

Understanding the Difference Between a Villa and a Bungalow

It is a detached property surrounded by a garden area, back space, servant quarters etc. There is a separate room for every family member and all the areas such as living room, dining room, bedrooms etc are not so conspicuously demarcated. Depending upon the requirement, any area of the house can be remodeled to serve […]

Transaction Costs: What They Are, Examples, & How They Work

Standardizing products or processes simplifies interactions between businesses, as a common understanding is established. This reduces the need for extensive negotiation and customization, saving both time and resources. For example, insurance agents are being replaced by a wide range of technology startups that run websites either selling or promoting insurance policies. The easy access to […]