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What is the Most Expensive Currency in the World 2022?

Hello, friends! Now, $1 is about to be equal to ₹75. And €1 has crossed the mark of ₹85. And £1 is more than ₹100. But do you know, more expensive than these currencies is the World's Most Expensive Currency? Can you guess which currency it is? World's Most Expensive Currency The world's Most Expensive Currency is Kuwaiti Dinar. 1 Kuwaiti Dinar is almost equal to ₹250. Does the question then arise what is so special in Kuwaiti Dinar? That it has become the most expensive currency in the world. Whereas the US Dollar, the most popular currency in the world, is not as expensive as the Kuwaiti Dinar. Before talking about the Kuwaiti Dinar, we have to look into the history of Kuwait. You might be shocked to know friends that 70 - 80 years ago, the currency used in Kuwait was issued by the Indian Government. The Reserve Bank of India used to print Kuwait's currency at the time and that currency was named Gulf Rupee. It was quite similar to the Indian Rupee. The numbering in

What is Bitcoin? And How Bitcoin Works?

Can you imagine a thing- the value of which was zero around ten years back and today, its value has touched almost 15 lakhs! I'm talking about Bitcoin, which has recently touched its all-time high price point due to which it is being talked about in the market and the media again. So, we thought this would be the right time to write an educational article on it and explain to you what Bitcoin actually is and what s its history is? What is the History of Bitcoin Cryptocurrency is a digital asset over which central banks or financial institutions have no control or regulation For instance, the US dollar is controlled by the central bank of the US. The Indian Rupee is controlled by the RBI But there is no central bank or any main financial institution that controls the bitcoins/cryptocurrencies. Back then, cryptocurrency was merely an idea in the mind of that person. But now, there is trading worth lakhs and crores on its crypto exchange. Just like shares are traded on the normal st

How Banks Earn Money | Business Model Explained

Hello, friends! All of us save our money in banks. And these banks pay us interest on our savings. They give us more money. So have you wondered how these banks earn money? In today's article, let's understand the Business Model of Banks. How Banks Earn Money? Banks use your money to give loans to others. And the interest that they charge on that loan, is their earnings. The RBI has a rule. Of all the money deposited by the depositors with a bank, the bank has to keep at least 4% of it with itself as Cash Reserve. This is known as the Cash Reserve Ratio. And the RBI is the boss of all banks in India. So the boss decides what should be the Cash Reserve Ratio. This keeps changing with time. Some time ago, it was around 3.5% presently, it is at 4%. Apart from it, there's the Statutory Liquidity Ratio. This Ratio is at 18% now. This is the ratio that the RBI directs the banks that at least this percent of the public deposits it has, has to be deposited at a place specified by

How Does Uber Make Money?

Hello, friends! Today, getting taxis from Uber or Ola has become very common for us. Come, let's understand this in today's article. For those who don't know much about Uber, they think that you call a taxi on the Uber app on your smartphone, and the taxi just comes to pick you up. They think that the company Uber must have sent the taxi. But it isn't so. What is Uber? Uber doesn't own taxis. Uber is merely a technology company, and a smartphone app, and it works by matching drivers and riders. The people who are willing to use their cars as taxis, and the people who wish to use taxis, riders. This app works by getting them together. Using normal taxis is much easier than this. You go out, and hail a cab, without needing any apps for that. Uber's role is prominent where taxis aren't easily available. If you don't have taxis around you, then you can call the taxi to your home through the smartphone. With one app. If someone wanted to earn more money by

What is Share Market | Share Market Explained

Hello friends, in this article we will talk about the share market. What is the share market? Why is it in place? How does it work? What are its advantages and disadvantages? And how you can invest money in it. What is Share Market Let us talk more about share markets in this article. The stock market, share market, or equity market- all three mean the same. These are markets where you can buy or sell a company's shares. Buying shares of a company means buying some percentage of ownership of that company. That is, you become the holder of a percentage of that company. If that company makes a profit, some percentage of that profit would also be given to you. If that company incurs a loss, a percentage of that loss would also be borne by you. History of Share Market The origin of share markets dates to around 400 years ago. Around the 1600s, there was a Dutch East India Company, like the British East India Company, There was a similar company in the country of Netherlands today, kn

How is Crypto Taxed? | Bitcoin, Ethereum

From the meteoric rise of bitcoin to the pumping of some of the most notorious meme coins in the game many people have made millions by holding. Others got the rug pulled out from under them by investing in squid game-themed cryptocurrencies and others regardless of whether you’re riding around in your bitcoin Lambo now or taking out a third mortgage to cover your losses now comes the time to pay taxes. How is Crypto Taxed What stock is a stock otherwise known as a share is a financial token or instrument that signifies ownership of a company in some proportion. Basically, if amazon had 1000 shares and you bought one share you would own 1 1000th of amazon in reality amazon. IRS is stepping up its game and enforcing crypto taxes across the board now while one solution to avoid taxes on cryptocurrencies might be starting your own country on an abandoned world war ii seafronts unfortunately if you sold or traded crypto in the united states. You’re probably going to have to pay upon the