Plain-English definitions for the terms you'll encounter on your financial journey.
An event occurring at set intervals where the reward for mining new blocks is cut in half, reducing the inflation rate of the cryptocurrency.
The percentage increase in the price level of goods and services in an economy over a period of time.
Non-Accelerating Inflation Rate of Unemployment: This represents the lowest level of unemployment that a country can have without causing prices to rise too quickly. Economists use this to figure out the 'sweet spot' where there are enough jobs available without the economy overheating.
The exchange rate between two currencies adjusted for the relative price levels or inflation rates in both countries.