How Money Works

How banks, debt, markets, and personal wealth fit together

von Vita Harwood

252 Seiten, Taschenbuch

Kurzbeschreibung des Verlags

How Money WorksHow banks, debt, markets, and personal wealth fit togetherSeries "In Twelve Evenings", Book 20Vita HarwoodWhat Do I Already Know About This?Test your knowledge!What happens to money after it reaches a bank account? Why can making a loan create a bank deposit? How is income different from capital? Why can the same £10,000 have very different purchasing power today and twenty years from now? And what really happens after you tap Buy in a brokerage app?Finance: How Money Works brings those questions into one clear system. A hypothetical £10,000 runs through the entire course. Each evening, readers look at it in a different form: cash, a bank deposit, debt, part of a personal balance sheet, a share, a bond, a fund holding, a currency, or a digital asset. The number stays familiar while the legal rights, risks, liquidity, and time horizon change.The book explains:why societies use money and where its value comes from;how commercial banks and central banks work;what simple and compound interest actually do;how inflation changes real purchasing power;liquidity, net worth, cash flow, and financial reserves;how to read the cost and structure of debt;what sits behind an exchange, a broker, clearing, settlement, and custody;how shares, bonds, ETFs, and other funds differ;why volatility is not the same thing as risk;how currencies, Bitcoin, stablecoins, and self-custody fit into the wider financial picture.

• Reihe: In Twelve Evenings
• Themen: Wirtschaftswissenschaft, Finanzen, Betriebswirtschaft und Management Finanz- und Rechnungswesen Finanzenwesen und Finanzindustrie
• ISBN: 9781806970728
• Sprache: Englisch
• Erscheinungsdatum: 20.09.2026
• Größe: 203 x 133 mm
• Verlag: TheHappyStoryGarden