Soar to Savings provides tips for saving and describes the impact of individual saving on the overall economy. As a result of this course, users will have a better understanding of opportunity cost, interest, down payments, and financial investment.
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At the end of the course, users will be able to:
- Identify key reasons to save.
- Recognize opportunity costs to both saving and spending.
- Recognize the power of compound interest for increasing savings balances over time.
- Use the Rule of 72 to calculate compound interest.
- Recognize that interest rates create incentives for lenders and borrowers.
- Explain the role of financial intermediaries and financial markets.
- Explain the difference between stocks and bonds.
- Explain how the supply of and demand for loanable funds determines interest rates.
- Recognize that national savings equals investment in a closed economy.
- Explain the paradox of thrift.
- Recognize that the U.S. Government finances deficit spending through the sale of U.S. Treasury securities.
- Explain that government debt can crowd out the supply of loanable funds and affect interest rates.
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