Economic Ed Lowdown (20 points and 15 points)

Another app on the iPad is called "Econ-ed lowdown" and is yet another app that challenges you to understand terminology in finances and, most importantly for us, living smartly within a budget. Upon launching the app, you'll find 4 choices of topics you can study: Inflation, Cost of Credit, Budgeting, and Personal Finance Flashcards. While all 4 entries are interesting and worthy, this task is focused on the "Budgeting" part. Within that, there are 2 options I'd like you to investigate: "Experiment" and "Challenge".
In "Experiment", your task is to defeat the expert. You are given choices to make, and if you can wisely choose the correct option each time, then you'll beat the expert! It's not so simple! Some of the choices are very thought-provoking, and you'll need to carefully consider what is in front of you. If you do manage to beat the expert, capture the evidence in a screenshot and post it in a new blog entitled, "Econ Lowdown". 20 points your way!
Further, if you can ace the challenge questions (also fairly challenging), then post the screenshot of that as well in the same blog, for 15 MORE points. 35 riding on the successful completion of this one.


This app was developed by the Federal Reserve Bank of St. Louis. Surprisingly, the Fed is one of the leaders in the world of personal financial literacy, as they continue to conduct workshops for educators across the country hoping to develop a strong foundation in the topic for the youth of America.
This task is complete when you have successfully gone through the experiment and/or the challenge questions and posted the screenshots of that success on your blog as a new entry. I will verify from there.