SYLLABUS FOR GRADE 8
1. Money 1
- Changing forms of money
- All about currencies
2. Banking
- How banks operate: With us and for us
- Types of bank accounts: current vs savings
- Modes of money transfer: cards, cheques, digital payments, ATM
- Financial security and frauds
3. Financial planning
- Budgeting and emergency funds
- Effect of inflation
- How simple interest works
- Insurance – protecting your future
4. Investments
- Mutual funds: A selected platter of investments
- Fixed deposit vs recurring deposit
- Commodities: How metals like gold & silver hold value over time
5. Loans and Credits
- The different types of loans
- Smart ways of avoiding debt