Sheetal earns 2000 rs per month. She is not able to save a lot. But Priya, her neighbour, convinces her to save 5 rs per…
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Category: Money and Credit
What is currency exchange rate?
Naren wants to travel to Japan. He looks forward to staying there, eating local food, and of course, buying gifts for people at home. But…
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Part 4: What is happening with SVB?
This series has been written by Hima Sutha The FDIC and HSBC takeover and what it means Since FDIC now took control over SVB, SVB’s…
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What is Bankruptcy? What are secured and unsecured loans?
Very simply put bankruptcy is when you cannot pay back your debts in any way. It can happen to companies and individuals. When bankruptcy is…
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What happened with SVB?
This is Part 3 of our series on understanding the recent updates in the global banking industry. Part 1: https://kidsnews.top/and-that-is-how-the-cookie-crumbles-understanding-the-global-banking-events-starting-with-one-phone-call/ Part 2: https://kidsnews.top/part-2-the-global-banking-system/ What happened…
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And that is how the cookie crumbles: Understanding the global banking events, starting with one phone call
Short date-wise summary of events In the middle of the week (8th March or thereabouts), a rating agency called Moody’s called up Silicon Valley Bank…
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What is Run on the Bank?
The best way to understand Run on the Bank is through the example of Signature Bank this week. A run on the bank is a…
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What is a Rating Agency?
Ashok, Priya, and Pavan are friends. One day, Ashok asks Priya for a loan. Priya gives him the money. However, Ashok is not able to…
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What is fiscal deficit?
Suppose you have 100 rupees, and you decide to spend 5 rupees everyday on a small candy bar. How much money will you need in…
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Sri Lanka faces high inflation, gets help from both India and China
Report by Shuchi Giridhar Sri Lanka and India extended their Science and Technology(S&T) collaboration for three more years, at the India-Sri Lanka 5th Joint Committee…
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