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.
Subscribe now to gain full access to this lesson note
Take Me ThereClick here to gain access to the full notes.