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Money · Ages 7+ · Set A
The first banks
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Remember: A bank keeps coins safe, and it lends coins that are paid back with a little extra. The extra is called interest.

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The banker's benchRosa's mother was a merchant in an old town in Italy. She traveled with a heavy sack of coins, but nobody could watch it. In the town square, a banker sat at a long bench. In his language a bench was a banco, and that is where our word bank comes from. She asked him to keep her coins safe. He locked them in a strong box and wrote the amount in a big book. He gave her a paper slip that said how many coins she had left there. A week later, she came back with the slip, and he handed back her sack. Dario the baker wanted a new oven, so he borrowed six pretend coins and later paid back seven. The extra coin is called interest.
1
Why did Rosa's mother go to the banker?
🧵To buy cloth and spices🔒To have her coins kept safe🪙To borrow six coins
2
She left her coins at the bench. What did the banker give her to show how many were left?
🧾A paper slip🔑A key📒A big book
3
In the banker's language, a bench was a , and that is where our word bank comes from.
basketbancobonus
4
Circle everything that is the banker KEEPING coins safe.
📦A strong box with a lock🥖Six coins for the baker's oven🧾A slip that says what you left➕One extra coin paid back📒A big book of amounts
5
Dario paid back more coins than he borrowed.
TrueFalse
6
Dario borrowed 6 coins. He paid back 6 plus 1 more. 6 + 1 = coins.

Order, fix and think

7
Number what happened to Dario.
  • Dario buys the oven and bakes bread
  • Dario asks to borrow six coins
  • Dario sells lots of bread
  • Dario pays back seven coins
8
Join each word to what it means.
  1. 1borrow
  2. 2interest
  3. 3banco
  • Atake coins now and give them back later
  • Ba bench
  • Cthe price of borrowing
9
Rosa says: the extra coin is a prize for Dario. What is the mistake?
🏆The extra coin is a prize🤝The banker gives it to Dario➕Dario pays it. It is the price of borrowing
10
Who gained from the loan?
🥖Only Dario🤝Dario and the banker🏦Only the banker
11
A bank only keeps coins safe.
TrueFalse
12
Dario paid back 7 coins and borrowed 6. He paid back more coin than he borrowed.
13
Write the two jobs a bank does.
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