What banks do with money : loans, interest rates, investments... and much more! Cover Image

Book

What banks do with money : loans, interest rates, investments... and much more! / by Janet and Melinda Liu.

Liu, Janet, (author.). Liu, Melinda (Children's author), (author.).

Summary:

"A series to build strong financial habits early on in life! How can I make money? What is inflation? What is the difference between a debit card and a credit card? Economics-and more specifically, money-play such a large role in our lives. Yet there are many mysteries and misconceptions surrounding the basic concepts of finance and smart money management. This set of True Books offers students the know-how they'll need to start on the road to financial literacy-a crucial skill for today's world. Interesting information is presented in a fun, friendly way-and in the simplest terms possible-which will enable students to build strong financial habits early on in life. Understanding how banks work-as well as the basics of loans and investments-are just two critical financial literacy skills that all kids should have. Did you know that banks use customers' deposits to make loans to other customers? Or that the Federal Reserve is the central bank of the United States? Learn all this and more in What Banks Do with Money-a book that introduces kids to banking"-- Provided by publisher.

Record details

ISBN: 9781339004969
ISBN: 1339004968
ISBN: 9781339004976
ISBN: 1339004976
Physical Description: 48 pages : color illustrations ; 22 cm.
Edition: First edition.
Publisher: New York, NY : Children's Press, an imprint of Scholastic, Inc., 2024.
Copyright: ©2024

Content descriptions

Bibliography, etc. Note:	Includes bibliographical references (page 45) and index.
Formatted Contents Note:	Introduction -- Money in the bank: What are different banks and what kind of accounts do they have? -- Borrowing from the bank: How do loans work? -- How banks make money: Banks help the community, but they are also a business! -- Investments: How can we make our money grow? -- Think like an economist -- Activity -- True statistics.
Target Audience Note:	Ages 8-10. Scholastic, Inc. Grades 4-6. Scholastic, Inc.