11

Lesson 11 of 84 ยท Economics

โญ 30 XPโš“ Market Port

Banks and Saving Money

Banks and Saving Money
๐ŸŒMission Brief #11

Banks are places where we save money.

๐ŸŽฏ Your mission

Trade-offs everywhere โ€” find them.

โšก The twist

Cheap for you usually means expensive for someone else.

๐Ÿคฏ

Mind = Blown

๐Ÿคฏ The first ATM was installed in 1967 โ€” and used radioactive ink.

๐Ÿ•ฐ๏ธ

Then & Now

๐Ÿ’ฑ This is happening in your local store every single day.

Banks are places where we save money. People can keep their money safe in a bank. When we save money, we can buy things we want later. Many banks also help people with loans to buy houses or cars.

Key Facts

1

Banks keep money safe.

2

We can save money in banks.

3

Banks help with loans.

Check Your Understanding

Question 1

1 of 2

What do banks keep safe?

๐ŸŒ

Why this still matters

The next time you spend $1, ask: who else benefited besides you?

๐Ÿ†

Stretch Challenge

Try this in real life this week.

Find two products that look similar but cost very different. Why?

๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง

For the dinner table

โ€œIf you had $20 to start a business, what would you sell?โ€

๐ŸŽฏ

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