Spring 2024
Loans and Interest
From the Set A Look at Money Matters
Borrowing money is a familiar concept to even the youngest financiers. But interest on that loan may not be. Loans and interest are two of the most important concepts that financially savvy people need to grasp. This beneficial book guides readers of all levels through the basics of what it means to secure a loan and the expectations of repaying it on time. They'll find out why people take out loans and what happens if they don't repay them. They'll also learn important finance terms such as principal and interest rate through the achievable text and the expanded glossary.
Booklist Review of A Look at Money Matters
This volume in the A Look at Money Matters series (6 titles) uses a high/low format to introduce the economic concepts of loans and interest. The simple yet comprehensive text opens with every kid’s question at some point—“Can I have some money?”—and expands on basic explanations of loans and interest rates to include such relevant information as loan applications, credit history, credit cards, compound interest, and the danger of defaulting on loans. A colorful layout adds to each topic with large-scale photographs and charts as well as sidebars that fill in related facts—for example, the difference between a bank and credit union. A concluding infographic offers a quick look at different types of loans, like mortgage, student, and small business loans, and their typical terms and interest-rate types.
Author: Rosie Banks
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