SAVING

WEEK 10

TOPIC – SAVING

OBJECTIVES

By the end of the lesson, the pupils should be able to –

1. Explain what is bank and bank mean.

2. State different types of banks and savings.

3. Mention the advantages of saving in the bank.

4. Discuss the process of opening a bank account.

CONTENT

MEANING OF BANK

A bank is a place where we save our money. Money saved in the bank generates interest. People can borrow money from the bank for business, financing a project, etc.

A bank is a financial institution or organisation where we save and borrow money.

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