MONEY VALUES By Lydia and Eva What we know now. • We know that banks can look after our money and can give other people loans to buy a house and then they pay it back to the bank, which gives it back to us. • We can get this money back but with a little extra called interest . Money values are important as this helps us in life. How banks work. • Banks work by, when we put money in the bank it will be given to someone to buy a family home or something that they can not afford at that time. • We know this by studying about how money can work by giving it to banks to protect it. How to keep money safe and how to save it. • We keep money safe by giving it to a bank and depending on the bank to keep it safe. • People give it to banks in case their house gets burgled and people steal money. • We save money by the bank giving us interest for example: 75p. Thank you for watching!
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