53
There are also different ways we can
spend
money. We can use
cash
, and
we can also use
debit cards
and
credit
cards.
When we pay with a debit card,
the money leaves our bank account
immediately. When we pay with a
credit card, the money doesn’t leave
our bank account immediately. The
bank is
lending
us money, so we pay
this money back later on. We also
have to pay interest to the bank.
2
In your notebook, write true or false. Correct the false sentences.
a)
People usually only save money to go on holiday.
b)
Savings accounts sometimes have a debit or credit card.
c)
A bank pays interest to people with money in savings accounts.
d)
Shares are a way of investing money in a business.
e)
You can’t sell shares in businesses.
f)
You have to put money regularly into a money box.
3
37
Listen and say how each person is saving money. Say
savings account, shares
or
money box
.
4
Find out about interest rates.
a)
Look at the web pages of two different banks.
b)
Find out what interest rates each bank offers for savings accounts.
c)
Which bank would you save your money in?
5
T
h
i
n
k
!
What's the best way to save money: a
savings account, shares
or a
money box
?
a)
Compare ways of saving with a partner.
The advantages/disadvantages of … are that you can/can’t…
b)
Decide which is the best way to save.
We think the best way to save is … because you can … and…
6
38
QUIZ
Check your learning.
A
C T I V I T I E S
The heaviest coin
that was used as money
was made in Sweden
in 1644. It weighed
almost 20 kg!
G
E
O
-
F
A
C
T
