Remember: A bank keeps coins safe with a ledger, a vault and a promise. Ask a grown-up how it works where you live.
Read and answer
Read the story first, then answer.
The Coin HouseBen kept his fifty pretend coins in a sock under his bed, but socks get holes and coins roll away, so he began to worry. "There is a safer place," said Gran, "the Coin House on Main Street." The Coin House was a made-up bank. Three things guarded every coin inside: a ledger, a vault and a promise. First came the ledger. Ben handed over fifty and the clerk wrote it down. The ledger said Ben, fifty; Maya, thirty; Ana, twenty. The coins got mixed together, but the ledger always knew whose were whose. Second came the vault, with a thick round door, a lock and a guard. Third came the promise that Ben could have his coins back whenever he wanted. The vault did not hold every coin, because the house lent some out. Of a hundred, sixty stayed in the vault and forty went to Baker Cy, who repaid them with a little extra. Ben asked for twenty, so the clerk checked the ledger and counted out twenty. Now the ledger said Ben, thirty. Real banks follow strict rules and checks.
1
Three things guard every coin in the Coin House. Which three?
A sock, a box and a keyA clock, a plant and a windowA ledger, a vault and a promise
2
The ledger says Ben 50, Maya 30 and Ana 20. Together that is coins.
3
Ben's coins are mixed with the others. How does the Coin House know which are his?
The ledger says whose coins are whoseThey sit in a box with his nameThe guard remembers
4
Of 100 coins, 60 stay in the vault. The rest, coins, are lent to Baker Cy.
5
A vault has a thick round door, a lock and a guard.
TrueFalse
6
Why did Gran say the Coin House was safer than Ben's sock?
Socks cost too muchSocks get holes and coins roll awayBen was too old for socks
Order, match and fix
7
Follow Ben's coins. Put these in order.
The clerk writes it in the ledger
The coins rest behind the vault door
Ben brings 50 coins to the counter
Ben asks for 20, and the clerk checks the ledger
8
Ben asks for 20 of his 50 coins. The ledger now says Ben, .
9
Join each to its job.
1Ledger
2Vault
3Promise
4Baker Cy
ABen can have his coins back any day
Bborrows 40 coins and repays with a little extra
Cwrites down whose coins are whose
Da thick door, a lock and a guard
10
Every coin in the Coin House stays in the vault.
TrueFalse
11
Ben says: my coins sit in a box with my name on it. Fix the mistake. What really happens?
They are spent by the clerkThey are kept in a sockThey are mixed with others, and the ledger knows which are his
12
Real banks follow strict rules and checks.
TrueFalse
13
Stretch: Maya takes out 10 of her 30 coins. The ledger now says Maya, .
14
Ask a grown-up how their bank keeps their money safe. Write one thing they tell you.
15
Draw the Coin House with a ledger, a vault and a promise.
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Answer key · Set A
How banks keep money safe
1A ledger, a vault and a promise The ledger, the vault and the promise guard every coin.
2100 50 + 30 + 20 = 100.
3The ledger says whose coins are whose The coins get mixed together, but the ledger always knows whose are whose.
440 100 take away 60 leaves 40.
5True That is how the Coin House keeps the coins safe at night.
6Socks get holes and coins roll away Socks get holes and coins roll away, so a ledger, a vault and a promise are safer.
72, 3, 1, 4 Coins arrive, the clerk records them, the vault keeps them, and the promise is kept when Ben asks.
830 50 take away 20 leaves 30.
91-C, 2-D, 3-A, 4-B The ledger records, the vault guards, the promise gives coins back, and Baker Cy is who the house lent to.
10False The vault does not hold every coin: forty of the hundred are lent out.
11They are mixed with others, and the ledger knows which are his The coins get mixed together, but the ledger always knew whose were whose.
12True They do. Ask a grown-up how it works where you live.
1320 30 take away 10 leaves 20.
14Your own words: a grown-up reads it.
Mark each answer, count the right ones and write the score on the sheet.