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What is the Federal Reserve (Fed) in the United States of America and what are its key responsibilities?

The Federal Reserve, often referred to as the Fed, is the central banking system of the United States. It was established in 1913 through the Federal Reserve Act and operates independently of the federal government. The primary objectives of the Federal Reserve are to promote stable prices, maximum employment, and moderate long-term interest rates. The …

What is Data Science and what is the process to get the right data to further make informed decisions? Explained!

Data science is a multidisciplinary field that involves extracting insights and knowledge from data through various techniques and tools. It combines elements of statistics, mathematics, computer science, and domain knowledge to analyze and interpret complex data sets. The goal of data science is to uncover patterns, trends, and relationships in data that can be used …

What is the Reserve Bank of India (RBI) and what are its different roles and responsibilities?

The Reserve Bank of India (RBI) is the central banking institution of India and performs several crucial functions to maintain monetary stability and promote economic growth. Here are some key roles and responsibilities of the Reserve Bank of India: 1. Monetary Policy: The RBI formulates and implements monetary policy in India. It aims to maintain …

10 ways you can earn Passive Income or convert your side hustle into some extra income!

Passive income refers to the earnings generated with little to no active effort or continuous time investment once the initial setup is complete. It is income that is not directly tied to trading time for money, unlike traditional employment where you receive wages for the hours you work. Listing some strategies become which you can …