Teach the Importance of Banking
Students set interest rates, make lending decisions, and keep a balance sheet so that they get a glimpse of how financial institutions function.
Students learn distinctions between simple & compound interest and fixed & variable interest as they explore the impact interest rates have on both savings and loans.
Students consider a potential borrower’s history and learn why it’s important to build good credit while they decide whether or not to give someone a loan.
Students learn the ins and outs of various banking products and how to use them in real life as they operate different accounts.
Why is your money safe at a financial institution? What kinds of things impact interest rates? Students will discover these answers and more.