Money, Banking and Credit

Have you ever bought something by exchanging goods instead of paying money? Your parents or grandparents might have. Do they still exchange goods instead of using money? Why not?

Have you ever wondered why banks pay interest on money deposited in them? Where does that interest come from? Has anyone in your family ever taken a loan from a bank? How are banks able to give loans? What happens if someone fails to pay a loan back?

at Young students' minds are brimming with questions like these. The world of money and finance is a mystery times even for grown-ups. This module on money, banking, and credit answers these questions and many more. It explains the basics of money and banking and provides information about some recent developments in this sector.

Developed especially for middle-school students, this module will also be of interest to teachers, educators, and anyone curious to learn the basics of money, banking, and credit.