Glossary Business & Economy
Inflation
The rate at which prices rise across an economy, reducing what a unit of currency buys. Central banks in most developed economies target around 2% a year.
More from the glossary
Phishing
Tricking someone into handing over credentials or money by impersonating a trusted sender. Still the most…
Cold storage
Keeping private keys on a device that never touches the internet. It defends against remote theft…
Stablecoin
A token designed to hold a steady value, usually one US dollar, by holding reserves or…
Bid-ask spread
The gap between the highest price a buyer will pay and the lowest a seller will…