Finance Terms Explained with GIFs: Making Money Concepts Click
Finance. The word itself can conjure up images of complicated spreadsheets, serious-looking people in suits, and a language that sounds like it’s from another planet. But fear not! Understanding finance doesn’t have to be a daunting task. We’re here to break down some essential finance terms with the help of everyone’s favorite visual aid: GIFs.
Get ready to make these concepts click!
1. Interest: The Cost of Borrowing (or the Reward for Lending)
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Definition: Interest is the fee you pay for borrowing money (or the reward you receive for lending it). It’s usually expressed as an annual percentage.
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GIF Explanation:
