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CORRECT ANSWER :- C
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Even cash isn’t accepted in many places. I just paid my rent; cash was too big of a liability; they wouldn’t take it .
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When you put money in the bank it shows your balance but it’s not actually there; bank loans it out, floats it, makes money, and kind of puts it back.
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Wanna take out $10K, $100K, $1,000,000? Sorry, you can’t; shows you have the balance but the money ain’t there fam .
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The Federal Reserve has 261,000,000 ounces of gold; that’s $337B.
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What is our money backed by; the full faith and credit of the US government lol.
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#money #credit #federalreserve #gold #goldstandard #nixon #golden #banking #finances #investing #wealth #corruption #makemoney #keepmoney #makemoremoney
Entri is helping lacs of students like Suma, who don't have access to quality education! It’s stories like these that inspires us to keep improving Entri app for our users. Share this and spread some love for your favourite app ❤️
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A lot changes as you get older and wiser, including how you save. As life happens you want to remove the temptation of over spending on your credit card and double dipping into your bank accounts. The one account you definitely don’t want to mix and double dip into is your emergency fund. That savings account should be far away from your other saving goals and making a little more money compared to 0.10 cents a year. I’m telling you guys the best thing you can do is separate your bank accounts with purpose and move them to bank accounts that benefit you. Do 10-20 minutes of research and make a little extra money and keep your savings safe from you. #thenandnow #thursdaythoughts Also, TAG a friend who needs to see this!
How do we as humans learn the best?
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Many will agree with the answer:
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Through PAIN.
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When you do something stupid and market punishes you, you stop doing that in the future because you don't want to feel the same pain again.
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For most traders, until they feel the burn on their skin, they won't stop putting their arm into fire.
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That being said...
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If you reflect back on your trading journey, you'll likely realize that some of the most important lessons came from your biggest losses (of course, if you study them).
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Not your wins, but your losses.
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No one likes to lose, but the truth is that losses are critical part of finding & developing yourself as a trader.
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You test things to see what works & what doesn't.
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You develop rules what to do, when to do, when to do nothing, when to go bigger, when to avoid, etc..
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It's the hardest & not so pleasant part of the journey, but it's simply a price one must pay to reach the desired destination.
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Don't feel bad/sorry for your mistakes.
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As long as you learn from them, they are nothing more than a stepping stone to your success!
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T4W
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