How can you determine what the cost of a student loan, or a mortgage, might be, in 20 years, and what might interest rates have to do with that? What might the difference be between simple interest, compound interest, the prime rate, and other types of interest rates? And why should we all care? All of these questions are part of learning the language of finance, which every Adult needs to understand, even if one does not wish to participate in all parts of the system.
You might get a start, or a refresher, on the mathematics for that in the lesson below…
Middle of week 13/18
|Day 49 Lesson Plan|
|Grammar: parallel structure in sentences|
|Math: Simple Interest|
|Today’s history reading…|
|Day 49 Exit Ticket|
Bernanke drew some more parallels between then and now:
” I thought that I would speak to you about the parallels–and differences–between that crisis and the more recent one, particularly regarding the responses of policymakers. I draw four relevant lessons from the financial collapse of the 1930s; I will first list these lessons, then briefly elaborate. First, economic prosperity depends on financial stability; second, policymakers must respond forcefully, creatively, and decisively to severe financial crises; third, crises that are international in scope require an international response; and fourth, unfortunately, history is never a perfect guide.”
1.) Search for two different sources explaining who Bernanke is, and what The Prime Rate is,
2.) Who sets The Prime Rate in the US, and what does it affect?
3.) Write a book, story, blog post or tweet that uses your findings, and then, please tell us about it! If you write a book, once it is published please consider donating a copy to your local public library.
4.) Feel free to answer the exit ticket questions in the comments, or pose any other questions you may have about the lesson, if you wish.
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Support our key #PublicDomainInfrastructure & for heavens sake: please #StopSmoking for CCOVID-19 (or even for good!)!:
2. #ProBono legal aid and Education,
3. #UniversalHealthCare, and
4. good #publictransport
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