Money Supply and the Money Multiplier. Money, either in the form of currency or as bank reserves, is a liability of the central bank. The central bank controls the monetary base, expanding or contracting it at will, according to the needs of the economy.
Whole life is also more expensive because of the costs of storing and investing your premium money. Unlike term, the money that you put into your whole life policy can be borrowed from the policy if you need it. Term policies only collect enough to cover the cost of your insurance, and have no cash value.
Follow @scoopwhoop. The thing about being rich is you can afford to be eccentric, and no one will laugh at you. And also, the things about having lots of money to spend is that you can buy the most ridiculous thing at even more ridiculous prices - and show it off. Here are 17 such things that you might never be able to afford in this lifetime, and if you're able to afford, you might not see the value in the price tag. Let's see what they are: A piano made out entirely of crystal, one of the most expensive instruments in the world.