What Banks Do with Money: Loans, Interest Rates, Investments... and Much More! (a True Book: Money) - (A True Book (Relaunch))

About the Book

"A series to build strong financial habits early on in life! 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 A True Books series 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. 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"--

Book Synopsis

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.

About the Author

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).
Melinda 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 co-creator of the Wonderland Economics YouTube channel. Melinda is also the 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).