Financial Fitness for Life: Chapter 14
Objective
Teachers will be able to:
– Show how interest rates are set.
– Explain the difference between nominal rates and real rates.
– Demonstrate how interest rates affect economic growth.
Standards
Concepts
This video is available to view for EconEdLink members only.
In this economics webinar, learn how rates change, affect economic activity and relate to inflation and recession.
Description
What are the important aspects of interest rates? Why are people so concerned about them? Interest rates are constantly on the news and being advertised throughout the media.
As an entrepreneur, you would be interested in interest rates so that you can properly plan expansion in your business. As a consumer, you would be interested in interest rates because of your credit card, student loan, car or mortgage. Join us in the discussion of this important aspect of the economy and learn how to calculate interest rates.
Note that this title is part of what it generally a Thursday series this Fall.