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financial literacy - Coggle Diagram
financial literacy
banking
Types of accounts
Fixed deposit
Money that we lend the bank for very long periods to get very high interests
Savings
Used for the money that we don't usually use
We get interest on the money kept
checking
Used for the money that we use everyday
Interest
The money that we get for keeping some in the bank
financial intermidiation
Taking in deposits and giving loans. They intermediate the money between them
budgeting
SMART
Specific
measurable
attainable
Realistic
Timely
A plan for spending and saving money