In this episode, students learn a little more about our financial institution: the bank. A bank is basically a financial institution that allows you to deposit and withdraw your money. The bank is a financial establishment that invests money deposited by customers, pays it out when required, makes loans at interest, and exchanges currency. Today, they also provide other services like loans, investment and insurance. [7:15]

Concepts

banking

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Additional Tags

financial management, managing money, role of bank, cashville kidz: roles of a bank, bank, role of banks

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Classroom Considerations

• This video is hosted on YouTube