worldsciencechampionship

SYLLABUS FOR GRADE 7

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