Chapter 8 "Money and Banking"

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Chapter 8 "Money and Banking" by Mind Map: Chapter 8 "Money and Banking"

1. How does the banking system work

1.1. Idea 1

1.2. Idea 2

1.3. Idea 3

2. What makes money... money

2.1. 3 functions

2.1.1. 1. Medium of exchange

2.2. 6 characteristics

2.2.1. 1. Durable

2.2.2. 2. Portable

3. How is saving important to the economy and you?

3.1. Ways that Americans save

3.1.1. 1. Retirement plans

3.1.2. 2. Personal savings

3.2. Reasons to save

3.2.1. 1. To reach important goals

3.2.2. 2. To prepare for an emergency

3.2.3. 3. To help the economy grow

3.3. Budgeting

4. How do Americans invest their savings