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Chapter 3 Banking-The Business
Warming up
What do you see in the pictures above?
What do the pictures tell you about banks and their businesses?
A pun on the word ‘bank’ goes like “Why is a river so rich?” “Because it has two banks.” Do you think banks are rich? If so, how do they make money?
When you deposit money in your bank account, what do you think your bank will do with your money?
Video Watch a video clip about a certain financial law in the US and answer the following questions.
Vocabulary
Glass-Steagall: a US law governing banks
Deem: to come to think or judge
FDIC: Federal Depo
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