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- I just put my fish in the bank. She said the interest rate is 2% which means I will get some money back monthly and yearly for storing my fish there. She also said I can get charged interest if I borrow money.
- FISH BANK
- Chapter 6: Put it in the Vault
- Chapter 10: Shrinking Fish
- I have recently had trouble with people stealing my fish. I am going to put my supply in the fish bank where they will be safe.
- Chapter 16: Stepping on the Gas
- Chapter 8: A Republic is Born
- I am part of the government in our new city. I am constantly watching the government in action. The role of the government is to provide an organized, legal, and stable economy.
- As a citizen the government taxes me. I have to them fish yearly to fund the city.
- I can pay you with my fish reserve notes or paper money so the real fish can remain in the bank.
- Chapter 9: Government Gets creative.
- My money in the bank is watched for inflation by the Federal Reserve who is associated with the government.
- We are becoming limited on fish. Inflation is going to have to increase. Inflation is a rise in prices which can be described as the decline of purchasing power over time.
- Money supply is the amount of currency within an economy.
- I heard the GDP or gross domestic product is decreasing. Does this lead to more people without jobs or in other cases being unemployed?
- Yes, GDP means the total value of goods and services produced in a year. With these numbers decreasing the unemployment rate is increasing.
- Thank you! By: Austin Starnes 5th period
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