Personal Financial Literacy | Baamboozle - Baamboozle

Personal Financial Literacy

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In your own words, what is financial literacy?

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What is the difference between a savings account and a checking account?

A savings account pays interest on the money in the account where a checking account may not, depending on the institution.

What is interest?

Interest is a fee that is either payed or received when borrowing money or saving in a bank.

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