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Finance

Finance

Deposit accounts, put simply, are bank accounts that allow money to be deposited and withdrawn by the account holder. The bank notes the balance of these accounts on its books as a liability, as it’s the amount the bank owes to the customer.

There’s a fix for confusing economic terms or not being up-to-date with financial news: “influencers” aren’t just gamers or it-girls; many experts in the finance domain use the virtual world to provide information, data, and opinions about financial and economic topics.

LOL. BRB. AFK. BTW. IMHO. Social media and texting have made this kind of alphabet soup ubiquitous. But what about FDIC?  You see those letters on nearly every bank branch and every bank website you visit. But what do those letters mean? What do they even stand for?