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11.1 Introduction and key concepts

Chapter 11: Banking, interest and taxation

11.1 Introduction and key concepts (EMG69)

Banking is a very important service in our daily lives. These days money is managed mostly through banking (even electronic banking) and we need to develop appropriate skills to manage our finances.

In this chapter, you will apply basic mathematical skills to understand:

  • the concepts of banking.
  • types of bank accounts.
  • Interest rates and interest values.
  • Value Added Tax.