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You and your money


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This unit is an adapted extract from the Open University course You and your money: personal finance in context (DB123) [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)] . It focuses on debt and borrowing. This is an important aspect of personal finance as it ties in with the broader context of how debt can be used in the economic system to channel growth but at the same time involve risks for indebted individuals.