Can you spell this word?

What is a "loan"?

Why do people sometimes get into debt? How can they try to avoid it?

Is it a good idea to take out a loan if the interest rate is very high? Why or why not?

Jess's phone is broken, and she only has enough savings for a very simple new phone. She really wants an iPhone and is thinking about taking out a loan for it. Do you think Jess should take out a loan for an iPhone? Why or why not?

What is "inflation"? How might it affect your money?

If there is high inflation in a country, is it a good idea to keep all your money "under the pillow" (at home)? Why or why not?

How does someone take out a loan from a bank? What's the general process?

Do you think most loans are taken out by people between 20 and 30 years old? Why do you think this might be happening?

Give me one example of a way to get rid of a debt

If you take a loan to buy a time machine, can you go to the future, win the lottery, and pay the bank back before you even took the money?

Is it a good idea to buy a house with a loan? Why or why not?