Lesson 71 of 84 ยท Economics
โญ 30 XPโ Market PortBanks and Saving Money
Banks help us save money.
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 This is happening in your local store every single day.
Banks help us save money. When we give banks our money, they keep it safe. We can take it out when we need it. Saving money helps us buy things later.
Key Facts
Banks keep money safe.
We can save money in banks.
Saving helps us buy things later.
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.
Find two products that look similar but cost very different. Why?
For the dinner table
โIf you had $20 to start a business, what would you sell?โ
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