Date post: | 27-Jan-2017 |
Category: |
Economy & Finance |
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By Shauna
MONEY
DEBTS AND CREDIT
MONEY AND INTEREST
Banks don’t just store our money until we need it the lend it out o other people .those people have to pay the money back and a bit more. The extra is called interest . The bank pays interest to people who put money into it .
WHAT DOES MONEY LOOK LIKE>
Coins –made of metal at a mint notes _ made of plastic or paper in most countries notes are rectangular and coins are circular. Most money has pictures of famous people and the value of it on them
• DEBTS:• Power.• Food.• Communication.• Transport.• Water.• Tax.Clothes.• House/land.• Health.
MY FAMILY
CREDIT:
Jobs.
Sale of assets.
Government.