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Hard money policies support a specie standard, usually gold or silver, typically implemented with representative money. In 1836, when President Andrew Jackson 's veto of the recharter of the Second Bank of the United States took effect, he issued the Specie Circular , an executive order that all public lands had to be purchased with hard money.
In macroeconomics, hard currency, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value.Factors contributing to a currency's hard status might include the stability and reliability of the respective state's legal and bureaucratic institutions, level of corruption, long-term stability of its purchasing power, the associated ...
A soft landing in the business cycle is the process of an economy shifting from growth to slow-growth to potentially flat, as it approaches but avoids a recession. It is usually caused by government attempts to slow down inflation. [1] The criteria for distinguishing between a hard and soft landing are numerous and subjective.
Hard money loans are also different from so-called soft money loans: Hard money loans are usually secured by physical assets like property and their assessed value in the form of equity.
Money lessons are tough hardships to endure, but learning financial intelligence early on and taking action helps avoid financial traps and secures a strong financial foundation. More From ...
This contrasts with a hard loan, which has to be paid back in an agreed hard currency, usually of a country with a stable, robust economy. [ 2 ] An example of a soft loan is a $2 billion loan by China's Export-Import Bank to Angola in October 2004 to help build infrastructure.
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It is distinguished from a soft landing, in which an economy's growth rate slows enough to control inflation, but remains high enough to avoid recession. [1] The criteria for distinguishing between a hard and soft landing are numerous and subjective.