banks
What is a bank
A bank is a place that keeps your money safe and helps you use it.
What does risk mean when talking about money?
The possibility of losing money
What does ATM stand for.
Automated Teller Machine.
What does NRL stand for
National Rugby League.
What is the capital city of Australia.
Canberra
What is interest
Interest is extra money the bank gives your or charges you over time.
Why does a savings account have low risk but low reward.
Low risk because your money is protected in the bank, and low reward because it only earns a small amount of interest.
What do you use an ATM for?
To withdraw, deposit or check your money.
How many teams play in the NRL
17
Who wrote Harry Potter
J.K Rowling
What happens when you deposit money?
You put money into your bank account.
Why do banks charge interest on loans?
To earn money and cover risk.
What happens if you enter the wrong pin?
Entering the wrong PIN stops you from using your card.
How many players are on the field for one team.
13
What is the smallest bone in the human body
Ear (stapes)
Why is it safer to keep your money in a bank?
Banks use security and technology to stop your money from being stolen.
How does risk affect the interest rate a bank charges?
Higher risk means the bank charges a higher interest rate to protect itself incase the borrower can't pay back.
How can a bank detect fraudulent ATM activity.
By watching for unusual transactions.
What happens if a player commits a high tackle.
Penalty and possible sin bin.
What is the chemical symbol for gold
Au
Why can banks hand out more money than they have in cash.
Banks only keep some money as cash and lend the rest, letting the same money be reused many times.
How could taking too much risk cause a bank to fail?
Too much risk can make a bank lose money and go bankrupt.
Why do ATMs use encryption when sending information to the bank
What is the difference between rugby league and rugby union?
Nrl has 13 players, Rugby union has 15 players on field.
Which planet has the shortest day in our solar system?
Jupiter