Banks: Their Business and Yours

Banks: Their Business and Yours

Determine the meaning of vocabulary words as used in the text "Banks:Their Business and Yours" by using context clues

Brain pop video

https://jr.brainpop.com/socialstudies/economics/savingandspending/

Sometimes we pair a non-fiction text with a fictional text to provide some background information and to help you understand the meaning of vocabulary terms

Open Ended

What do you know about banks?

Read about how banks help people get what they need

open your large Wonders book to page 26 or open ConnectED

Read page 26 of the text in order to determine the meaning of the word savings

Multiple Choice

What is the meaning of the word savings?

• money to spend now

• money set aside for the future

• money you take from someone

Read page 27 of the text in order to determine the meaning of the word loans

Multiple Choice

What is the meaning of the word loans?

• money borrowed

• money stolen

• money earned

Read page 28 of the text in order to determine the meaning of the word profit

Multiple Choice

What is the meaning of the word profit?

• money that is put into a piggy bank

• money that is received for work done

• money left over after all costs have been paid

Read page 29 of the text in order to determine why banks are important to the community.

Open Ended

Why are banks important to the community?

Independent Work

• Sentence Correction

• Bank Questions

Small Group

• What is the meaning of the word scarce on page 27?

• What is a bank?

• what is interest?

• What information do the subheadings give you?