Inside a Bank: teacher key

How Banks Work, grade 1 edition, written for 1st grade. A bank takes in deposits and makes loans. It keeps money safe and pays extra money, called interest, to savers.

Read the book. Print this page for the key.

Questions and answers

1. What is putting money into a bank called?
   • A loan
   • A deposit (answer)
   • A jar
2. What is extra money from a bank called?
   • Interest (answer)
   • A machine
   • A shop
3. What does a bank do with some of the money?
   • Pays it to the moon
   • Lends it (answer)
   • Buries it
4. What is a savings account for?
   • Playing games
   • Setting money aside (answer)
   • Baking bread
5. Who gets interest from a bank?
   • Savers (answer)
   • Birds
   • Trucks

Words

• deposit: money put in
• interest: extra money
• savings: money set aside