Dana Meachen Rau - What Is a Bank?

What Is a Bank? — read online for free the complete book (whole text) full work

Below is the text of the book, divided by pages. System saving the place of the last page read, allows you to conveniently read the book "What Is a Bank?" online for free, without having to search again every time where you left off. Put a bookmark, and you can go to the page where you finished reading at any time.

Light

Font size:

↓

↑

Georgia Tahoma Arial Verdana

Reset

Interval:

↓

↑

Bookmark:

Make

123

Table of Contents

.

Money and Banks

What Is a Bank?

MATH

.

.

Money and Banks

What Is a Bank?

By Dana Meachen Rau

Reading consultant: Susan Nations, M.Ed., author/literacy coach/consultant

.

Please visit our Web site www. garethstevens. com. For a free color catalog of all our high-quality books, call toll free 1-800-542-2595 or fax 1-877-542-2596.

Library of Congress Cataloging-in-Publication Data

Rau, Dana Meachen, 1971 What is a bank? / by Dana Meachen Rau. p. cm. ( Money and banks) Includes bibliographical references and index. ISBN: 978-1-4339-3393-6 ( pbk. ) ISBN: 978-1-4339-3394-3 ( 6-pack) ISBN: 978-1-4339-3392-9 ( library binding) Banks and banking Juvenile literature. I. Title. II. Series. HG1609. R38 2005 dc22 2005042209

New edition published 2010 by Gareth Stevens Publishing East 14th Street, Suite New York, NY 10003

New text and images this edition copyright 2010 Gareth Stevens Publishing

Original edition published 2006 by Weekly Reader Books

An imprint of Gareth Stevens Publishing

Original edition text and images copyright 2006 Gareth Stevens Publishing

Art direction: Haley Harasymiw, Tammy West Page layout: Michael Flynn, Dave Kowalski Editorial direction: Kerri ODonnell, Barbara Kiely Miller

Photo credits: Cover, pp. 1, 4, 11, back cover Shutterstock. com; pp. 5, 6, 7, 9, 10, 13, 15, 16, 17, by Gregg Andersen; p. by Diane Laska-Swanke, p. Ryan McVay/Photodisc/Getty Images.

All rights reserved. No part of this book may be reproduced in any form without permission in writing from the publisher, except by a reviewer.

Printed in the United States of America

CPSIA compliance information: Batch #WW10GS: For further information contact Gareth Stevens, New York, New York at 1-800-542-2595.

.

Table of Contents

In the Bank

Deposits and Withdrawals

What Is a Loan?

Keep It Safe

Math Connection: Keeping a Bankbook

Glossary

For More Information

Index

Boldface words appear in the glossary

.

In the Bank

Have you ever lost money that you put in your pocket? It is important to keep your money somewhere safe. Where do you keep your money? You might have a small bank in your room. Some banks are shaped like animals, such as a piggy bank. Some banks have places for each kind of coin.

Many children save their money at home in small banks.

.

One type of bank would not t in your room. A building that holds money is also called a bank. It is like a giant piggy bank!

Most towns and cities have one or more banks.

.

You may save so much money that the bank in your room is full. Then you and a parent can open a savings account at a bank in your town or city. The people at the bank make sure that your money is safe.

Everybody in your family can keep their money in the bank.

.

Deposits and Withdrawals

A teller will help you open a savings account. The teller is the person behind the counter at the bank. Your account will have your name on it. It will also have your parents name on it. Now you can put money into your savings account.

A teller can answer all of your questions about saving your money at the bank.

.

The money you put into your savings account is called a deposit . You can use a bankbook to keep track of the money in your account. When you put money into your account, you or the teller will add the amount to your bankbook.

A bankbook is small and easy to carry.

.

Money you take out of your savings account is called a withdrawal . Your parent is the only person who can take money out of your account. The teller gives you and your parent the money you want. Then you or the teller subtracts the amount from your bankbook.

Your parent must help you take money out of your bank account when you need it.

.

People do not always need to go to a bank teller to make a withdrawal. Sometimes they do not have time to go to the bank. They can use ATMs to get money quickly. ATM means Automatic Teller Machine. Sometimes people must pay extra money to use ATMs. This extra money is taken out of their account.

ATMs are a fast and easy way to get money. You might see ATMs in the grocery store, at the mall, or even at an amusement park.

.

Usually, a person puts an ATM card into a slot on the machine. Then he or she types in a special number code and the amount of money to take out, or withdraw. The money, a receipt , and the ATM card then come out of the machine.

Some ATMs, like this one, have special card slots. A person puts their card into the slot. The ATM reads the cards information very quickly.

card goes in here

number keypad

money comes out here

receipt prints here

.

What Is a Loan?

The bank does not keep all the money you put into your account. It uses your money to help other people until you want it. The bank puts a little extra money in your account every month to thank you for letting them use your savings. This extra money is called interest .

Next page

123

Light

Font size:

↓

↑

Georgia Tahoma Arial Verdana

Reset

Interval:

↓

↑

Bookmark:

Make

Similar books «What Is a Bank?»

Look at similar books to What Is a Bank?. We have selected literature similar in name and meaning in the hope of providing readers with more options to find new, interesting, not yet read works.

Angie Mohr

Piggy Banks to Paychecks: Helping Kids Understand the Value of a Dollar

N J Travers

Manage Your Money Like the Rich and Famous

Nick Travers

Manage Your Money Like the Rich and Famous

Dana Meachen Rau

Spending Money

Dana Meachen Rau

Saving Money

Padberg Thomas

How to Analyse Bank Financial Statements: A Concise Practical Guide for Analysts and Investors

Christer Holloman

Transactional to Transformational: How Banks Innovate

Urijit Patel

Overdraft: Saving the Indian Saver

Brette Sember

The Everything Kids Money Book: Earn it, save it, and watch it grow!

S.J. Scott

Stack Your Savings: How to Save More Money, Slash Your Spending, and Master Your Finances

Michael Roddan

The People vs The Banks

Ellen Brown

The Public Bank Solution: From Austerity to Prosperity

Discussion, reviews of the book What Is a Bank? and just readers' own opinions. Leave your comments, write what you think about the work, its meaning or the main characters. Specify what exactly you liked and what you didn't like, and why you think so.