Page 50 - Key to Social Studies 4

1 1 3 ECONOMICS & CIVICS

LESSON 12

1 Match the words on the left with the descriptions on the right.

1. Interest a. Saving your money in the bank for future use
2. Borrowing b. The cost of borrowing money for a period of time

3. Deposit c. Taking money and returning it after a specific

4. Annual period of time

5. Discount d. Lower price
e. Yearly, or every twelve months

2 Fill in the blanks.

1. People either or their money.

2. People save their money to something or for .

3. Money is saved at or in .

4. Turning off unwanted lights helps you .

5. People are charged when they borrow money.

6. Banks give people interest as an to save money.

7. You have a very limited number of withdrawals if you have your money
in a account.

8. You can access your money anytime if you leave it in a account.

9. Moneylenders and clergymen played the role of the bank in the past by giving

and accepting from people.
10. Modern banks give to investors.

3 Mark true or false.

1. All people think of saving money as soon as they get it. true false

2. People can save their money at home or in a bank. true false

3. Saving power makes people spend more money. true false

4. Banks cannot help you grow your money. true false

5. Banks have not changed since they started in the past. true false

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