What is the Exchange Rate?

What is the Exchange Rate? The exchange rate is the value of one currency relative to another. The currency’s value is determined by the foreign exchange traders. They work 24 hours a day, seven days a week. In 2021, the foreign exchange market was estimated to trade more than $6.6 trillion a day. While most… Continue reading What is the Exchange Rate?

Perceptions of Economic Power

Perceptions of Economic Power Economic power refers to the ability to produce and trade what one has produced. In a free market economy, economic power is achieved through voluntary means. In a free market, prices are not determined by the whims of the rich and the poor, but rather by the law of supply and… Continue reading Perceptions of Economic Power

Housing Sales Data Reveals Rebounding House

Housing Sales Data Reveals Rebounding House For years, the housing market has been showing signs of instability and slowing sales. In recent months, this has been confirmed by the latest housing sales data. While the housing market is still very unstable, prices have remained relatively stable in some submarkets. As a result, housing prices are… Continue reading Housing Sales Data Reveals Rebounding House