more sense Money it makes sense to know about it People use money and think about it every day How much money does this cost Do I have enough money to buy that Should I save my money for something All of the answers to these questions relate to understanding how money works N THE EINITED STATES OF AMERICAN Money Matters Like it or not money matters It matters whether people have a lot of money or just a little How much money people have and how they manage their money both affect the life choices they can make A decision today such as saving money or spending it can affect what they can do months and years from now D ND STATES 09021265 B E 09 ON DOGGH Asking yourself What does having money let me do can help you develop good money sense The most powerful force in the universe is compound interest Albert Einstein Nobel prize winning scientist
Money One Systems ANNAN To have good money sense people need to understand some things about the money system A good starting point is understanding what is meant by the economy the financial system financial markets and banks The Economy Financial Markets The economy refers to all of Financial markets are the part of the buying and selling of goods a financial system where people and services that happens in a buy and sell financial securities particular place such as a city such as stocks also called or a country shares and bonds The Financial System Banks The financial system is the way Banks store money for people in which people businesses and who do not need it immediately governments work together to and lend this money to other create borrow and lend money people who need to borrow it to do something Understanding how banks work is an important part of understanding how money is
