Displaying items by tag: money

An economic crisis has great and diverse effects on several aspects of a country's economy. For example, money can become more expensive, the exchange rate can become vulnerable or bank interest rates can become destabilized. It is also possible that financing may slow down, inflation may increase the prices of products and services, unemployment may rise and wages may stagnate.

The study conducted by the Fundación Salvadoreña para el Desarrollo Económico y Social (FUSADES), shows that in El Salvador few people keep the habit of saving in cash or through a bank account.