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Category: Business
Looking back a few years ago in 2011, millions had lost homes, businesses had failed, foreclosures were at an all-time record high, and unemployment remained very high at 9 percent. These outcomes were due, in large part, to the financial crisis of 2006–2010. In the year 2000, the tech stock bubble burst, which sent markets plummeting around the gl...
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Category: Business
Write a one-page paper on the role of the World Bank and the International Monetary Fund in providing loans to countries. Is it important for U.S. citizens to lend money to people in other countries through such organizations? Why or why not? Be prepared to debate the value of these organizations in class.
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Category: Business
One role of the Federal Reserve is to help process your checks. In small groups discuss when and where you use checks, credit cards, debit cards, and cash. Do you often write checks for small amounts? Would you stop if you calculated how much it costs to process such checks? Have you switched to debit cards as a result? Discuss your findings with t...
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Category: Business
Poll the class to see who uses a bank and who uses a credit union. Have class members compare the services at each (interest rates on savings accounts, services available, loan rates). If anyone uses an online service, see how those rates compare. If no one uses a credit union or online bank, discuss the reasons
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Category: Business
In a small group, discuss the following: What services do you use from banks and S&Ls? Does anyone use online banking? What seem to be its pluses and minuses? Use this opportunity to go online to compare the rates and services of various local banks and S&Ls.
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