What is a bank?

Recommended for: Elementary School Students, Middle School Students What is a bank? Basically, banks borrow and lend money from everyday people like you and me. When they borrow from you, they agree to make a payment to you for the money. This is called interest Interest is the price you pay to borrow money or theContinue reading “What is a bank?”

Intro to Money $$$ pt. 2

Recommended for: Elementary School Students What is Money? What are the different modes of payment? Who creates money? Do banks create money? Watch the video and review the key takeaways below! Try quizzing your parents, it will show how smart you are! Questions for the kids! What is money? Money is an exchange! Money isContinue reading “Intro to Money $$$ pt. 2”