Lesson 41 of 84 ยท Economics
โญ 30 XPโ Market PortBanks and Saving Money
Banks help us save money safely.
๐ฏ Your mission
Trade-offs everywhere โ find them.
โก The twist
Cheap for you usually means expensive for someone else.
Mind = Blown
๐คฏ The first ATM was installed in 1967 โ and used radioactive ink.
Then & Now
๐ฑ Every receipt you've ever seen has this idea inside it.
Banks help us save money safely. When we put money in a bank, it stays secure. We can use this money later to buy things we want. Banks also help people borrow money for big purchases, like homes and cars.
Key Facts
Banks keep our money safe.
We can save money for later.
Banks can help us borrow money.
Check Your Understanding
Question 1
1 of 2What do banks do with our money?
Why this still matters
The next time you spend $1, ask: who else benefited besides you?
Stretch Challenge
Try this in real life this week.
Track every dollar you spend or get this week. Then figure out the pattern.
For the dinner table
โIf you had $20 to start a business, what would you sell?โ
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