Bank

1. What is a bank?

• 1. A store that sells books

• 1. A place where people save and borrow money

What is a loan?

• Money that banks lend to people

  
  

• A type of food

1. What does a bank do with the money people deposit?

• Gives it to charity

  
  

• Keeps it safe

  
  

What is a locker?

• A safe place in the bank to keep valuables

  
  

• A type of phone

  
  

 What is a deposit?

• Money that is put into a bank account

• Money that is taken out of a bank account

  
  

What do you mean by the word ‘withdraw’?

• To take money out of a bank account

• To put money into a bank account

  
  

 I am a machine that allows you to withdraw money.

•  Automated Teller Machine - ATM

  
  

• An Automated Telephone Machine - ATM

  
  

 Can a bank lend money to people who want to buy a house?

• No

• Yes

  
  

 People can protect their money by keeping it ……………..

• at home

•  in the bank

  
  

 Can a bank lend money to people who want to buy toys?

• Yes

  
  

•  
  No