Machine Learning in Easy Language

Interest rates refer to the percentage of money that borrowers pay to lenders in exchange for borrowing funds or the amount that savers earn on their deposited funds. In most countries, interest rates are determined by the central bank, which is responsible for managing the country's money supply and influencing economic growth. When interest rates are low, it means that borrowing money becomes cheaper. This can have several effects on ordinary households. Firstly, it may incentivize households to take out loans for major purchases, such as buying a home or a car, as the cost of borrowing is reduced. Lower borrowing costs can also make it easier for households to pay off existing debts, such as mortgages or personal loans, as the interest expense is reduced. As a result, households may be more willing to spend money, which can increase the demand for goods and services in the economy. Additionally, low interest rates can impact savings and investments. When returns on savings a...

Sahar was the name of a young lady who lived once upon a time. Sahar was bright and diligent, but she had trouble keeping track of her own money. She frequently experienced the predicament of having insufficient funds to cover her monthly expenses between paychecks.   Sahar finally reached her breaking point one day. She was resolved to stop letting her money dictate her and start working for her. She began by educating herself on the topic of personal finance by reading, and then using some basic guidelines and strategies. Sahar’s financial status gradually improved over time. She planned ahead by making a budget, keeping track of her expenditures, saving on a regular basis, eliminating her debt, and investing. As a result, she now knows how to budget her money and avoid unnecessary expenses. Sahar amassed more and more money throughout the years. She had saved enough money to no longer have to worry about money, and her future seemed secure. You, too, can learn to manage you...