Remember: A balance is the coins in the account now, and it changes with every deposit and withdrawal. A statement lists each change. The lock-code stays in the family. These are pretend coins.
Read and answer
Read the story first, then answer.
Nico opens an accountNico had saved fifty pretend coins, every one earned himself. A jar was fine, but he wanted his first bank account. Gran walked him to the Coin House, because opening an account takes a grown-up. The clerk gave Nico a form for his name, his birthday and a grown-up, and Gran signed. Nico put his fifty coins on the counter, and the clerk counted them twice. That first deposit opened the account. Nico got a little book that showed his balance, the coins in the account now. He also picked a lock-code, a secret that only he and Gran knew. "Never tell it to anyone who asks," said the clerk. A year later came a pretend extra: two coins for every fifty. Nico's balance was now fifty-two. Wanting a gift for Gran, he took out twelve in a withdrawal, and the balance was forty. The coins left were still his, safe inside. Then the Coin House sent a statement that listed every change, in order, with the balance after each. Nico checked every line, ready to tell Gran if one looked odd.
1
The 50 coins Nico put on the counter to open his account were a .
depositstatementwithdrawal
2
Why did Gran walk Nico to the Coin House?
Nico forgot the wayOpening an account takes a grown-upCoins are too heavy for Nico
3
Look at the statement. After the withdrawal, Nico's balance is .
4
Circle every line that belongs on Nico's statement.
Deposit fiftyExtra twoOnly the first depositWithdrawal twelveOnly the newest change
5
Nico's balance said 50, then 52, then 40. What does that tell you about a balance?
It always stays at the first depositIt is the bank's coinsIt changes whenever coins go in or out
Match, order and fix
6
Join each word to its meaning.
1deposit
2withdrawal
3balance
4statement
Acoins taken out
Bcoins put in
Ca list of every change
Dthe coins in the account now
7
Number what Nico did, first to last.
He picks a lock-code
He deposits fifty coins
Gran walks him to the Coin House
He takes out twelve for Gran's gift
8
Before opening an account, what does a grown-up ask?
Only how pretty the little book isNothing, since every account is the sameWhat it costs and what it needs
9
Nico says: my lock-code is like a nickname, so I can tell it to a friend who asks. Is he right?
YesNo
10
Zoe reads the statement and says the balance after the extra was 40. What did she mix up?
She read the balance after the withdrawalShe read the coins taken outShe read the first deposit
11
Stretch: Nico has 40 and wants his balance back at 50. He must deposit more coins.
12
Write one question you would ask before opening an account.
13
Draw Nico's little book showing his balance.
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