Banking Basics

by James Fischer

Overview

The cost of living is the amount of money a person needs to spend on housing, food, transportation, clothing, and other items that they need to live. Learn all this and more in The Cost of Living.

Product Details

ISBN-13:	9781422296400
Publisher:	Mason Crest
Publication date:	10/21/2014
Series:	Junior Library of Money Series
Sold by:	SIMON & SCHUSTER
Format:	eBook
Pages:	64
Lexile:	1040L (what's this?)
File size:	17 MB
Note:	This product may take a few minutes to download.
Age Range:	12 - 15 Years

Table of Contents

Introduction 6

Why Do You Need a Bank Account? 8

What Is a Bank? 10

What Is Money? 12

How Do Banks Work? 14

How Did Banks Begin? 16

Banking During the Middle Ages 18

The History of Banking in the United States 20

Modern Banks 22

Checking Accounts 24

What Happens When You Write a Check? 26

What Are ATM & Debit Cards? 28

What Is Electronic Banking? 30

Balancing Your Checkbook 32

What Happens If You Overdraw Your Account? 34

Opening a Savings Account 36

What Happens to Your Money After You Deposit it? 38

How Do You Apply for a Loan? 40

What Is Interest? 42

Paying Off Your Loan 44

What Is a Credit Rating & Why Does it Matter? 46

Is the Money in Your Bank Account Safe from Thieves? 48

What Is the FDIC? 50

Do Banks Ever Fail? 52

The Future of Banking 54

Here's What You Need to Remember 57

Words You Need to Know 58

Further Reading 60

Find Out More on the Internet 61

Index 62

Picture Credits 63

About the Author and Consultant 64