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Banker Caroline Schaaf

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by

Curt DeYoung

on 13 April 2018

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Transcript of Banker Caroline Schaaf

Banking
How Does a Bank Earn Money?
When someone pays back a loan they have to pay the bank a little bit more money than they recived.
Some times the bank will charge money for you to withdraw your money
What is Interest?
Interest is when the bank pays you a little bit of money for every dollar you keep in the bank. Most interest rates in Michigan are 6%.
Banking
By: Caroline Schaaf
What is a Loan?
A loan is when you borrow money from the bank. You have to pay back the money and a little bit extra.
What does a bank do?
A bank keeps your money safe
The bank pays you a little bit of money for every dollar you keep in their bank.
You can keep valuables in safety deposit boxes at the bank too
Bank Info.
My bank is Carol's Cash!
Sources

http://www.themint.org/kids/how-banks-work.html
https://www.thesimpledollar.com/personal-finance-101-how-does-a-bank-work/
https://money.howstuffworks.com/personal-finance/banking/bank.htm
https://www.nerdwallet.com/blog/banking/what-is-safe-deposit-box/
https://www.nerdwallet.com/blog/loans/whats-a-good-interest-rate-on-a-personal-loan/

thanks for watching
Banking is fun!
Banking is fun!
This is a picture of a bank in colonial times
Here is colonial money
How Does this Job Effect What Happens Today?
Banks are important buildings and systems. Banks have advanced a lot though. We have better technology and improvements.
Full transcript