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What else can I help you with?
Do banks depend on electricity?
No, banks burn money and small children to power their establishments.
What are some games that can help children learn about money?
A good board game that can help children learn about money is Monopoly. Also, if you want, you can try a website called Kids Money Games Online that also provides great games to help teach children about money.
Does pocket money teach independence?
Pocket money does teach independence because children will know how to spend their money when they grow bigger. Children should be given pocket money to learn their maths as well. Make sure that children do not waste pocket money on waste. Children should be given pocket money so that they can learn how to save money and use it on something good. I hope this helped!
Why would you put your money in a bank?
You shouldn`t! Banks make money by investing your money and give you a fraction of the return. Invest your money by yourself and earn the whole return. Learn about investing money first, its not difficult.
Which banks offer products and accounts to help teach children the importance of using money wisely?
Highlands Union Bank has a kids saver club where they give a percentage bonus for deposits made to their accounts. Wells Fargo has a good program for kids to join and learn the importance of budgeting their money.
What are some fun and educational money games for children to help them learn about financial literacy?
Some fun and educational money games for children to learn about financial literacy include Monopoly, The Game of Life, and Money Bags. These games teach children about budgeting, saving, and making financial decisions in a fun and interactive way.
How does pocket money teaches independence?
Pocket money does teach independence because children will know how to spend their money when they grow bigger. Children should be given pocket money to learn their maths as well. Make sure that children do not waste pocket money on waste. Children should be given pocket money so that they can learn how to save money and use it on something good. I hope this helped!
How bank create money?
Money is CREATED by governments, not banks. They store money. Banks also EARN money by loaning money to people. People pay the banks back more money than they borrow (interest)
Do banks iron money?
Banks do not iron money as this would burn it. The Royal Mint, who make the money, make it flat when it is made, and then send it to the banks like this. Ironing money is not recommended :)
How do banks use money?
they use money for money
Are banks out of money?
no
What is some advice for beginners that want to learn how to invest?
Do your research. Learn about the stock trade, CD's, and other things that banks and corporate companies offer. You can make a lot of money by investing, but you have to learn your facts first and find companies worth investing in.
