What banks do with money : loans, interest rates, investments ... and much more!
Title:
What banks do with money : loans, interest rates, investments ... and much more!
Author:
Liu, Janet, author.
ISBN:
9781339004969
Personal Author:
Edition:
First edition.
Physical Description:
48 pages : illustrations (chiefly color) ; 22 cm.
Series:
A true book. Money!
Contents:
Introduction -- Money in the bank : What are common types of banks and what serviced do the offer? -- Borrowing from the bank : How do loans work? -- The big truth -- How do banks make money? : Banks help the community, but they are also businesses! -- Investments : How can we make our money grow?
Abstract:
"A series to build strong financial habits early on in life! How can I make money? What is inflation? What is the difference between a debit card and a credit card? Economics -- and more specifically, money--play such a large role in our lives. Yet there are many mysteries and misconceptions surrounding the basic concepts of finance and smart money management. This A True Books series offers students the know-how they'll need to start on the road to financial literacy -- a crucial skill for today's world. Interesting information is presented in a fun, friendly way -- and in the simplest terms possible -- which will enable students to build strong financial habits early on in life. Understanding how banks work-as well as the basics of loans and investments -- are just two critical financial literacy skills that all kids should have. Did you know that banks use customers' deposits to make loans to other customers? Or that the Federal Reserve is the central bank of the United States? Learn all this and more in What Banks Do with Money -- a book that introduces kids to banking"--Provided by publisher.
Reading Level:
Ages 8-10. Scholastic, Inc.
Grades 4-6. Scholastic, Inc.
Added Author:
