APR (Annual Percentage Rate)
The annual percentage yield (APY) is the real rate of return earned on a savings deposit or investment but does NOT take into account the effect of compounding interest.
APY (Annual Percentage Yield)
The annual percentage yield (APY) is the real rate of return earned on a savings deposit or investment taking into account the effect of compounding interest.
A banknote is generally a promissory note where the issuer is legally obliged to exchange the note for legal tender (typically gold or silver) or enshrined by law to be legal tender despite having no intrinsic value (Fiat money).
A national bank is a financial and banking institution that provides financial and banking services to its country’s government and commercial banking system, as well as implementing the government’s monetary policy and issuing currency.
The Reserve Bank of Australia is our central bank.
Composability is where shared resources such as data, security and code, can be built upon by developers. Allowing faster and stackable innovation.
This cryptography linked database has inspired a plethora of other currencies besides bitcoin, called cryptocurrencies because of their use of blockchain.
You will have heard of some of these and maybe make use of some.