In 1973, David Rockefeller became the first American bank Executive to enter the People’s Republic of China since the revolution of 1949.
Foreign exchange reserves are reserve assets held by a central bank in foreign currencies. These are used to back liabilities on their own issued currency as well as to influence monetary policy.
“It is not true that people stop pursuing dreams because they grow old. They grow old because they stop pursuing dreams.” – Gabriel García Márquez
Public Provident Fund (PPF) is a good way for all working professionals to use their salaries in an agreeable way. This is because PPF is under EEE status and any later gains you may make as part of the PPF scheme is not taxable.This serves as an added incentive to most working professionals to be…
Life isn’t always going to be a bed of roses. Preparing yourself for emergencies that may crop up in the future is necessary. It is essential to have an emergency fund that you can depend on when disaster strikes. Here we tell you about how to go about it.
A closed economy is defined as an economy that does not take part in international trade. It is the opposite of an open economy. Example: North Korea. Also read: #Kredxionary – Adaptive Expectations
If you want to lift yourself up, lift up someone else. –Booker T. Washington, American educator, author, orator & advisor to presidents of the United States Also read: #KredXMondayMotivation – Charles Darwin
The first ever recorded instance of a “corporate tax break” occured in 1260 BC when a private merchant named Sinaranu was exempted from import taxes for transporting beer and olive oil to the ancient city of Ugarit from Crete.
When it comes to managing a team, I agree with Steven Pinker, a Psychology professor at Harvard University. He says that team management is like the 2nd law of thermodynamics – An isolated system, when left to itself, will never decrease in entropy or chaos. Similarly, a team too when left to its own merit,…
Adaptive Expectations – Adaptive Expectation is the theory of how people form their views about the future that assumes they do so using past trends and the errors in their own earlier predictions. It is a contrast with rational expectations.