Zone 7 · Pocket Money
How Banks Work
Nine lessons of about three minutes each, every one with a live demo and a quick test.
- Banks & Central Banks×8
- Money Mindset & Psychology
- 55BankingWhat a Bank Really IsA middleman between savers and borrowers
- 56BankingMost of It Isn't ThereBanks keep only a slice of deposits on hand
- 57Gold ReservesThe Vault Nobody VisitsFort Knox holds about half of America's gold
- 58Deposit InsuranceWhy Your Deposit Is SafeThe FDIC has your back up to $250,000
- 59TrustTwenty-Seven DollarsMuhammad Yunus paid $27 to free 42 villagers, and it grew into a bank for millions
- 60Central BanksThe Fed Sets the Price of MoneyOne rate in Washington ripples into your loans
- 61Money CreationBanks Just Lend Out SavingsWhen a bank makes a loan, it creates new money
- 62Savings AccountsThe Savings Account GapThe same money can earn hundreds of times more one tap away
- 63Behavioral EconomicsMental AccountingA dollar is a dollar, but we don't treat it that way