3. Debts Credits
• Power • Jobs
• Food • Sale of assets
• Communication government
•
• Transport
• Water
• Tax
• Clothes Contents
• House/land
• health
4. • Before money
there was trading
or bartering
People.
• Traded think or
services of equal
value
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5. • Money is usually stored in
a bank, building society
etc. until we need it .
• We can get it out through:
An ATM, Credit card, Debit
card, internet banking,
cheque book, fill in a form
at the bank, EFTPOS, loan
etc.
• We can put money into a
bank, building
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6. Coins – made of at a mint
Note –made of plastic or paper
In most countries notes are
rectangular and coins are circular.
Most money has picture of
famous people and the value of it
on them. Coins usually have the
date they were made on them.
Australian note have a metal strip
and a hologram or clear part on
7. Bank don’t just store
our money until we
need it . They lend it
out to other people .
Those people have to
pay more the money
back and a bit more .
The extra is called
interest . The bank
pays interest to people
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who put money into it .
