15 short-duration games aiming to improve adults’ financial literacy in topics such as "Money and Transactions", "Planning and Management" and "Risk and Credit", are now available targeting adults with low financial literacy levels.
The objective of the series of games is to allow adults to develop their financial literacy levels on the use of money in day-to-day transactions, on the use of different types of rates such as interest rates, exchange rates or discount rates on prices, understanding better what a family budget is and how can be efficiently managed, access to credit and the different options that may exist, how to save money over time and plan a reform or how to diversify an asset portfolio.
The mini-game "Interest rate and the magic of compounding", explores the concept of the interest rate. By playing this game, users will be able to distinguish between simple and compound interest rates and their different impacts on their finances. You can access the game here.
This game is included in the topic Risk & Credit aimed to help the users in identifying and understanding the concept of credit, enabling you to make more responsible choices when you consider to save or borrow money.
Play the game and let us know what you think about it.