Remember: A bank keeps coins safe, and it lends coins that are paid back with a little extra. The extra is called interest.
Read and answer
Read the story first, then answer.
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.
1borrow
2interest
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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Answer key · Set A
The first banks
1To have her coins kept safe Nobody could watch a heavy sack all day and night, so she asked the banker to keep her coins safe.
2A paper slip The banker wrote the amount in a big book, and he gave her a paper slip that said how many coins she had left there.
3banco A bench was called a banco.
4A strong box with a lock, A slip that says what you left, A big book of amounts The box, the slip and the book are for keeping coins safe. The oven loan and the extra coin are lending.
5True He borrowed six coins and paid back seven.
67 6 + 1 = 7.
72, 1, 3, 4 He borrows first, buys the oven, sells bread, and then pays back the loan.
81-A, 2-C, 3-B To borrow is to take coins now and give them back later. The extra coin is interest.
9Dario pays it. It is the price of borrowing The extra coin is not a prize or a gift. Dario pays it, and it is called interest.
10Dario and the banker Dario got an oven and the banker got pay for lending.
11False A bank also lends coins. Those are the two jobs of the first banks.
121 7 − 6 = 1. That one extra coin is the interest.
13Your own words: a grown-up reads it.
Mark each answer, count the right ones and write the score on the sheet.