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The Future of Video Games and Financial Education. There is a developing market of online games that are specifically designed to teach people of all ages financial concepts. It could be simple ...
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Getting teens to read books is becoming more and more of a challenge. This can be particularly true when it comes to books about money and personal finance, which teens should start reading well...
Stock market games are often used for educational purposes to teach potential stock traders and future stock brokers how to trade stocks. Stock market games can also be used for entertainment purposes and to engage in fantasy trading competitions. Some stock market games are not based on financial markets at all.
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Financial literacy is the possession of skills, knowledge, and behaviors that allow an individual to make informed decisions regarding money. Financial literacy, financial education and financial knowledge are used interchangeably. [1] Financially unsophisticated individuals cannot plan financially because of their poor financial knowledge.
Because business simulations simulate real-world systems, they are often used in management, marketing, economics and hospitality education. [11] [12] Some benefits of business simulations are that they permit students to experience and test themselves in situations before encountering them in real life, [13] they permit students to experiment and test hypotheses, [13] [14] and that subjects ...
Beyond the competitive investing facet of the challenge, the teens are taught the basics of personal finance, such as saving, budgeting, credit, debt, investing and financial planning.