European Stars and Stripes (Newspaper) - June 10, 2007, Darmstadt, Hesse June 2007 stars and stripes Page 7 meet Antonio Banderas meet Calvin read More about How Banks work especially and their Der buted by Universal Pratt syn dote o 2007 Tow mini up miming company by Betty Debnam the Money business How Banks work from the mini Page by Betty Debnam o 2007 the mini Page publishing company Rositi Piggy Banks do you have a Bank account or a Piggy Bank when people or Money in la it Doest just sit there As it does in your Piggy Banks Are businesses that use Money to make More Banks take in Money what happens to the Money you Deposit in a Bank it is not put in a special drawer with your name on using a a Bank Teller will credit your account t Here is with the amount you your Deposit is put in with All of the Money collected on that some part of this Money will be held in or set aside for the other part will be put to Banks loan Money Banks Are in the Money lending they make Money by charging fees and interest for the Money they when customers borrow they pay Back the full plus some More for the use of the this extra Money is called parts of a Check the person or business that gets the the customers account amount of Check in figures and Check Banks identification number a coded address by which checks Are returned to the proper name of the Bank where the Check writer has name of the person writing the signature of the person writing the your name Here 1234 address Road your state Usa 100 20 pay to the order of dollars your Bank your state memo checking accounts Many people have checking they Deposit Money and then write the checks Are written orders to Banks to pay Money to certain people or checks keep Bank customers from having to go from place to place to pay sometimes Banks charge for this Banks use these accounts to attract savings and loan savings accounts when people put their Money in savings the Banks pay the savers for the use of their for example pretend that you put in a savings the Bank might pay you 5 percent your would earn you 50 cents in and your account would Banks pay savers for the use of their have a total balance of interest is the Money paid to you for letting the Bank lend your for example pretend that you borrowed the Bank might charge you 8 percent your loan would Banks make Money by charging Cost you an added 80 your loan would be a total of so interest is also the amount of Money you Are charged to borrow
