Understand Money: A Visual Guide to the Basics of Financial Literacy

Tim: Buy this book, it has a good amount useful information. Nice diagrams and explanation of key financial concepts. Great for both adults and youth, especially for youth.

Canada on Nov 10, 2023

annienoop: Was in one of the major bookstores and came across this. Actually sat down while I was waiting for family members to pick out their books. Fell in love with this. Colorful, easy to understand, and written so that the knowledge can be applied. Got home. Kept thinking about it. Book store re-did their display and didn't know which one I was speaking about. Amazon had it. Really glad they did!

United States on Jul 19, 2023

Kay: I already purchased this book from a brick and mortar bookstore, as I'm interested in the topic and was captured by the graphics in the book. I wanted to gift this book so I bought another one from FabulousMedia (fulfilled by Amazon) and was delighted to see it in plastic wraps, indicating it's brand new. Too bad the other 4 in the series that I bought directly from Amazon didn't have the wraps.

Canada on Nov 19, 2022

Michael: I love every single DK book, especially the "How So and So Works" books. "How Money Works", "How The Brain Works", "How Science Works", etc... The information in this series of DK books is so simple and informative. I have fun easily learning topics others wouldn't dare to investigate.

United States on Oct 04, 2022

Elena Janero: The media could not be loaded.  Great info and great graphics but “the fed” probably wrote the part about money in the US. We already know they want us to be financially illiterate but dang this is in your face.

United States on Jul 17, 2022

Chong Boon Sin: After reading this book for the past few week, it give me a good insight how the financial world function and impact on our economy and daily life. It is a good book to read for leisure.

Singapore on Apr 14, 2021

martha rubi: La manera de exponer los temas es simple y efectiva. Es visual, pero no deja de lado entrar a fondo en los temas. Lo recomiendo mucho.

Mexico on May 27, 2020

S. Yoshida: ANDREW YANG AND UNIVERSAL BASIC INCOME
In my Amazon review of Andrew Yang's The War On Normal People, I commented that his book explained why some Americans have much more wealth than others. One of his management strategies was Universal Basic Income (UBI).

But where would the UBI money come from?

QUANTITATIVE EASING
How Money Works describes a strategy called Quantitative Easing (QE):
"QE involves the creation of new money – usually in the form of electronic currency – which the central bank then uses to buy government bonds or bonds from investors such as banks or pension funds.” (page 124)

These commercial banks then loan this new money to people and businesses at low interest rates. Theoretically, this infusion of cash to those in need stimulates the economy by increasing the supply and liquidity of money (i.e., businesses and people spend rather than save).

The book cites possible problems with QE:
1) the economy may not respond as expected,
2) inflation may occur, and
3) banks may hoard the money instead of lending as intended. (page 125)

How Money Works notes a case study:
“The UK began a QE program in early...

United States on Mar 16, 2020

Tom McMorrow: As someone who majored in finance and is very passionate about it, I learned nothing from this book. However, I didn't purchase it to learn, but to educate. I love teaching others about finance, and this is the perfect display book to leave on a coffee table.

The rich, bold graphics are both visually appealing and quickly digestible. When people have questions about a topic in my field, I can show them in two quick pages much of the gist of what they need to know (versus an hour of me rambling!).

I was delighted to see the book didn't shy away from some of the 'meatier' topics like the Time Value of Money (via the formula for compound interest) or the Capital Asset Pricing Model (via the efficient frontier). Every course I took during my undergraduate degree was essentially summed up in every two page section.

If you majored in finance, you won't learn anything here, but this book isn't for you! If you majored in anything else, pick up this book. As someone who dedicates his professional career to this subject, I assure you it is full of all the topics you'll need to know about my field.

Two small areas for improvement are the Time Value of Money and...

United States on Jan 21, 2019

Lark: I have been a fan of the DK books for some time now, years ago I took great pleasure in reading their encyclopedic books about battle or weapons, then I enjoyed their more recent books on History, Philosophy, Psychology, Sociology, Business, Economics and even Crime (I get a feeling that they are going keep producing these and varying the themes as much as they can), these form a kind of complete knowledge library taken all together.

Those and these are full of visuals, I am not sure if it is accurate to describe it as using infograms or not but there are illustrations resembling flow charts, there are pie charts, bar charts, other sorts of clever illustrations which correspond to plays on words or common analogies, ie to circulation in the body, lifting weights, fishing in a boat.

Something I would say is that I have heard the DK range described as childrens books or at least books for young adults, I dont know why this is at all, these are seriously comprehensive books, I was very impressed with this book (I remember reading for a financial transactions costing and pricing class module and business in the economy module in a general national vocational...

United Kingdom on Aug 21, 2017