Banks

What is a bank?

where people save and borrow money

• A store that sells books

• A place where people save and borrow money

What is the importance of a bank?

• To offer a service for people who wish to save, protect and transfer money.

• To provide entertainment

What is the purpose a saving account?

• to save money for the future

• to borrow money

What is a deposit?

• Money that is put into a bank account.

• Money that is taken out of a bank.

What is a loan?

• Money that a bank lends to people to buy a car a house.

• Money that a bank takes from people.

What is online banking?

• A type of bank that pays your medical bill.

• A service that allows you to pay online for buying goods and services.

Can people transfer money from one bank account to another?

• Yes

• No

.     ...................... card allows you to purchase using money from your bank account.

• Debit card

• Credit card

.   .............….…… card allows you to purchase items now and pay later.

•   Debit card 

•   Credit card

What is the full form of ATM?

• Anytime money

• Automated Teller Machine