Chapter 2: Banking

The house of money A bank is an entity that specializes in the provision of money. The product is money (in the form of loans), and the price of this product is called interest rate. Yes, the price of money is the interest rate at which said money is lent. Consider this your first lesson … Read more

Chapter 1: Money

What is money Money matters. As a father, I would like my children to understand money so that they can make informed choices later in life. Everyone understands it intuitively, to some extent, but few people have a complete understanding. For example, many people confuse money with bank notes (cash), even though each of us … Read more