this is my explanation on how banks work

 How do banks work?

Have you ever wondered what a bank is? well, it 

is a place that keeps your money safe.  It is also a place where you can lend and take money. People can take your money from the bank but they have to pay it back to the bank and the bank will pay it back to you. This is called interest. So how exactly does a bank work?  Well, you’re about to find out!  

Paragraph 1 ( keeping your money safe)

When you open a bank account you deposit some money to the bank, this is because they can keep your money safe and give it to you later for future investments.thousands of people deposit their money to the bank and trust that the bank will keep it safe. banks keep your money in a special tightly secured place called a vault. A volt is a place that the bank keeps everyone's money they keep your money here to prevent it from being stolen so there is no need to worry about your money being robbed.

Paragraph 2 (trading/interest)

People can borrow money from you and you can borrow money from other people as well. If someone borrows money from you they have to pay it back after a year. Say for example  I receive  $600 from a festival and deposit it to my bank account. I will get 2% interest but every year I will also get 2 dollars. That way I am making money just by depositing money to the bank!

 

Paragraph 3 (savings)

After you open a bank account you will have a savings account. A savings account allows you to keep your money safe and it earns a small amount of interest each month. Banks usually offer two types of savings accounts they are a basic savings account and a money market savings account. A basic savings account will usually have either no minimum balance requirement or a low one but will offer a very low-interest rate this means that your money won’t earn that much. A money market savings account usually pays more money interest but that requires you to have more money in your account.

Conclusion 

Overall banks work with tens of billions of dollars. You can find them in pretty much any place in the world. They are great because you can store money in them and take money out when You need to. I hope you have learnt a bit more about banks from this explanation.

 

 

 

I have made this flower using trapeziums,hexagons,diamonds and triangles

I have made a  flower using trapezium diamonds, hexagons, and triangles. I have used 6/42 triangles. I know that because if you look at the shape carefully, you will see that there are 42 triangles in this shape and 6 of them are proper triangles.In this flower, there are 7 hexagons but only 1 proper hexagon. There are 14 trapeziums in this shape but only 6 proper ones. Lastly, there are 21 diamonds but only 6 proper ones.

this is my turtle made of trapeziums,triangles,hexagons and diamonds

I have made a turtle with different types of shapes. In this turtle, I  used a variety of shapes including diamonds, hexagons, triangles, and trapeziums. There are  26 diamonds but only 5 proper ones.there are also  52 triangles but only 10 that are visible straight away. There are actually 8 hexagons in this shape but only 1 is an actual hexagon. My final shape was a trapezium and I had 17 in my turtle but only 5 proper ones.

This is my inquiry about the history of money

The History of Money

The History of Money

Complete the timeline below describing the early history of money

9000 BC  in the first form of money was animals like cattle, sheep and camels.

1200 BC   Around the Pacific and Indian Oceans in China and parts of Africa, cowrie shells were used from 1200 BC.

1000 BC  the Chinese were the first to use metal in their money.

500 BC  in Lydia which is now part of the turkey , coins were made with a mixture of gold and silver they were stamped at the back to show they were not fake   

806 AD china started making paper money as there  was a shortage of gold and copper`

This is My definition of Bartering

 Bartering

Bartering is a form of trade. In the olden days, they didn’t have money so they use to barter.  In order for bartering to work, two people have to agree on the things1 they're trading with.  Say for example Mary is a  farmer that produces milk and Damian is a mechanic. If Mary wants her bike fixed  Damian has said that she has to give him  1 litre of milk in exchange. Sometimes there is something called the double coincidence of wants. Say mary has a friend called jack and he owns an orchard Damian says he wants some fruits in exchange from mary that means mary would have to trade with jack for the fruits then gives the fruits to  Damian.

Why deforestation is a terrible issue (speech video )

The day I swapped my brother ! !

“Stop-it you egghead can’t you see I'm in the middle of doing something, OUT NOW,”  I screamed furiously. I felt like I was about to explode.

“CAN YOU GUYS JUST STOP FIGHTING !!!! “yelled my mum at the top of her lungs

This is an ordinary day at my house basically getting yelled at 24/7. I have a big family. I'm a triplet. My name is Maddison and the others are  Bradley and Chad (were known as Brad, Chad and Mad). Me and Brad don’t get along well at all, Chad is just a total bookworm and I mean it he even reads in the bathroom!!! 

My friend Emily had come over and she had brought her 2 fluffy white bunnies. Then I pondered to myself what if I traded brad to Emily to give me the bunnies. Since Emily was an only child she really wanted a sibling I was just dreaming about all the things I could do without Brad. Life would be remarkable. I asked Emily and she gladly accepted the offer. Mum had bought brad these new comics and he was so engrossed in them that I knew he wouldn’t suspect a thing. I said bye to Emily and she dragged Brad across the floor and out of the house like he was a suitcase. A few hours later mum and  Dad came home to find me and chad quietly doing our own things and they knew there was something fishy about then they realised that brad was missing (though it took them quite a while to figure that out).”Chad what did you do to your brother my mum said still in a state of shock”  “I didn’t do anything to him mum” my brother said innocently.

To be continued ……………..