Page 51 - Key to Social Studies 4

Saving Your Money

4 Mark true or false.

1. A is the safest place to save money.
a. bank b. wallet c. market

2. is the cost of borrowing money for a period of time.
a. Discount b. Interest c. Saving

3. In a account, you do not receive interest.

a. saving b. checking c. deposit

4. You receive interest when you save your money in a account.

a. saving b. checking c. deposit

5. You can some of your saved money with the people in need.

a. share b. spend c. pay

5 Answer the following questions.

1. What can you do with the money you have or money you get?

2. Why do people save money?

3. Where can a person save money?

4. How can a person benefit from a saving account?

5. How are banks different today than in the past?

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