Functions of a Bank:

Banks only store money

• True

• False

You earn money by saving in a bank

• True

• False

Banks give money to people without expecting anything in return

• True

• False

Banks only allow you to store money; they do not give loans.

• True

• False

When you keep money in a bank, you earn interest over time.

• True

• False

If you withdraw more money than you have, the bank will not charge any penalty.

• True

• False

Banks provide loans, but they charge interest on the amount borrowed.

• True

• False

It is safer to keep all your money at home instead of in a bank.

• True

• False

If you take a loan from a bank, you do not have to repay it.

• True

• False

You must be at least 18 years old to open a bank account.

• True

• False