Consolidated income distribution account

For a generalized understanding of the reflection of the processes of distribution and redistribution of income and their results, expressed in the formation of disposable income of the economy, these processes can be reflected in the summary account. The consolidated income distribution account reflects the distribution and redistribution of a country’s income at the level […]

Financial system: concept, structure and functions

The term “finance” comes from the Latin “financia”, which means payment. For the first time with the meaning of “money payment” it began to be widely used in the 13th and 15th centuries. in Italy, whose cities (Florence, Venice, Genoa) were at that time major centers of trade, monetary settlements and banking. In the future, […]

market factors

In the case of a fixed exchange rate, the activities of speculators in the foreign exchange market depend on the degree of trust in the government. If they are convinced that the government does not have sufficient reserves to maintain a weakening currency, speculation against this currency will increase, which will accelerate its devaluation. If […]