What Banks Do with Money: Loans, Interest Rates, Investments... and Much More! (A True Book: Money)
by Janet Liu (Author)
A series to build strong financial habits early on in life!
Understanding how banks work -- as well as the basics of loans and investments -- are just two critical financial literacy skills that all kids should have. Did you know that banks use customers' deposits to make loans to other customers? Or that the Federal Reserve is the central bank of the United States? Learn all this and more in What Banks Do with Money -- a book that introduces kids to banking.
ABOUT THE SERIES:
How can I make money? What is inflation? What is the difference between a debit card and a credit card? Economics -- and more specifically, money -- play such a large role in our lives. Yet there are many mysteries and misconceptions surrounding the basic concepts of finance and smart money management.
This set of True Books offers students the know-how they'll need to start on the road to financial literacy--a crucial skill for today's world. Interesting information is presented in a fun, friendly way -- and in the simplest terms possible -- which will enable students to build strong financial habits early on in life.
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ALA/Booklist
School Library Journal
Gr 3-5--This series offers young readers an accessible yet comprehensive exploration of money and the economy. Each title opens with a true-false setup, prompting engagement. The series covers crucial concepts such as budgeting, types of payment, inflation, taxes, credit, and the economy. Terms children are likely to have heard from adults are explained. The author asks readers to critically evaluate newspaper cartoons, answer questions, and participate in activities such as making a business budget and comparing grocery store prices. Each title includes resources, a glossary, and an index. VERDICT Children will leave these titles with a greater understanding of family budgets and financial literacy. Highly recommended.
Copyright 2023 School Library Journal, LLC Used with permission.Janet Liu is passionate about economic and financial literacy for young people. She is the co-founder (with her sister) of the nonprofit organization J&M Sunrizon Economics and the creator of the Wonderland Economics YouTube channel. Janet is the co-author of Elementary Economics and Economics for Tweens, and is currently in undergrad studying economics, computer science, and management at the Massachusetts Institute of Technology (MIT).
Banks and banking
JUVENILE NONFICTION / General
Instructional and educational works
Loans
JUVENILE NONFICTION / Concepts / Money
Bank accounts
