Do you think it is important for people to understand how banks and the finance industry works?

Good afternoon Sir [이름]. ^^

Let us welcome the week with a big smile. Hihihihi!

It is because after tomorrow, you are going to have a long holiday.

Anyway, I agree with you. We should be really knowledgeable about a lot of things.

Before entering a business or investing into something, we should really understand everything.

It was great essay. Have a great day.

Teacher Nina

It is quite essential for people to have basic knowledge of finance.

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>> It is quite essential for a person to have a basic knowledge about finance.

In a modern society, we are all deeply involved in economic activities.

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We all work to make a living that requires us to earn, spend and save money as a corporation does.

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Without knowing about money and finance, we might end up becoming broke regardless how hard we work.

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In order to well manage our wealth, we need to be aware of how banks and finance industry work.

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We should understand how the change of the benchmark interest rate by each country’s central bank will affect other industries and even your household economy.

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When you borrow some money from a bank, you need to decide which way is more beneficial either the fixed interest rate or the variable rate.

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Money makes money.

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We have to protect and grow our hard-earned money.

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We should not give our full trust to the financial institutions because they do exist for their own business rather than keeping our money safe and returning it to us more than we deposited.

>> correct