Turkish Lira (TL) is the official currency with banknotes from 5 to 200 TL. Visa and Mastercard widely accepted for payments. Cash recommended for street vendors and artisans
NPV estimates current value of future cash flows for businesses and investors. Positive NPV indicates project returns exceed discount rate. NPV calculates difference between present values of cash inflows and outflows
Interest is compensation paid by borrower to lender for using money. Simple interest calculates interest only on original principal. Compound interest earns interest on both principal and accumulated interest
Author had two influential fathers: one rich and one poor. Rich dad had PhD and completed education on financial scholarships. Poor dad never finished eighth grade
Players start with $15M balance and use ATM-like electronic banker's unit. Banker adds/subtracts money using player cards in left/right slots. Players receive $2M each time they pass "GO". Banker cancels game by holding "C" button
Economics and finance are interrelated disciplines that inform each other. Both fields influence markets significantly and should not be viewed as either/or. The distinction between economics and finance has become less pronounced in recent years