Writing Assignment - Economics Role of Banks in the Economy
Writing Assignment - Economics Role of Banks in the Economy
1. Read the short explanation below with the help of an adult if needed.
2. Think about what banks do and why they are important.
3. Write 5–7 sentences about what you learned.
4. You may also draw a picture of a bank to go with your writing!
Banks are special places where people keep their money safe.
People can save money in a bank and earn a little extra over time.
Banks also lend money to people who need it to buy things like houses, cars, or to start
businesses.
Banks help everyone use money wisely and keep it moving in the economy!
✍️ Writing Prompt:
What is a bank?
What do people do at banks?
Why are banks important to our community?