Secret Finance

Iceshowers asked:


If there was a fraud where someone used your personal info to open a paypal account and used your own bank account and took your money (by transferring it from bank to paypal, then pocketing the money), and you told both paypal and bank about the fraud, and your bank took charge and put the claim and gave you the money back. Who pays the bank for that money? Does the bank make paypal give them the money? Or do banks get so much money per year (or whatever) for fraud claims?

Old Man fron Scene 24 asked:


I often hear economists saying some financial trend or another is being caused by the housing crunch or a hurricane or China building for the Olympics. But the massive amounts of money being directed to Iraq must be coming from somewhere and taking money from something else. Wouldn’t that much money leaving the US be a bigger hit on the economy than a storm in Texas?
What is being affected economically by the Iraq war?

usaman345 asked:


I am just a regular person and not an economics student. Regardless, can someone please explain to me (in layman’s terms) the effect of changes in money supply on inflation.

I understand that demand in excess of supply is a cause of inflation and I’ve heard that inflation is when too much money chases too few goods (if I remember that line correctly). But what exactly does this mean in layman’s terms? How does increasing the money supply effect, for example, the price of a gallon of milk or gasoline?

In advance, thank you for any help received.

Nathan R asked:


I need to start saving money for a house. I do not make much money and I have some bills. But I do have some spare money every now and then. Whats the best way to save money without being tempted to spend it.

usaman345 asked:


I am just a regular person and not an economics student. Regardless, can someone please explain to me (in layman’s terms) the effect of changes in money supply on inflation.

I understand that demand in excess of supply is a cause of inflation and I’ve heard that inflation is when too much money chases too few goods (if I remember that line correctly). But what exactly does this mean in layman’s terms? How does increasing the money supply effect, for example, the price of a gallon of milk or gasoline?

In advance, thank you for any help received.