Overview of Macroeconomics and Microeconomics Macroeconomics and Microeconomics are two branches of economics that are closely related but have different focuses. Macroeconomics is the study of the economy as a…
Definition of Financial Accounting and Management Accounting Financial Accounting and Management Accounting are two important accounting systems that provide different types of financial information to different stakeholders. Financial accounting provides…
Definition of Rate and APR Rate refers to the amount of interest charged on a loan or credit card balance, expressed as a percentage of the principal amount borrowed. It…
A brief overview of 403b and 457 plans A 403b plan is a type of retirement plan that is offered by non-profit organizations such as schools, hospitals, and charities. It…
Definition of IRA and 401K An Individual Retirement Account (IRA) is a type of investment account that individuals can use to save for retirement. It allows individuals to contribute money…