Parking Lot Construction: As part of our ongoing work to maintain and improve Central Library, the parking lot will be closed for construction from Tuesday, July 28, to Saturday, August 1. Visit the Central Library page for more details. 

CLOSURE: Central Library will be closed Tuesday, July 21, through Saturday, July 25, while emergency repairs are made to the building’s cooling system. We expect to reopen Monday, July 27.

Notice of Public Meeting: Kalamazoo Public Library Board of Trustees | July 27 | 5:30 pm | Central Library/Van Deusen Room. The packet of information for the meeting can be found on the library’s website. 

Book

What banks do with money : loans, interest rates, investments...and much more!

Author

Janet Liu

Call Number

  • J 332.1 LIU (CEN)

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Edition

First edition.

Publication Information

New York, NY : Children's Press, an imprint of Scholastic, Inc., 2024.

Physical Description

48 pages : color illustrations ; 22 cm.

Audience

Grades 4-6. Scholastic, Inc.

Summary

"Understanding how banks work -- as well as the basics of loans and investments -- are just two critical financial literacy skills that all kids should have. Did you know that banks use customers' deposits to make loans to other customers? Or that the Federal Reserve is the central bank of the United States? Learn all this and more in What Banks Do with Money -- a book that introduces kids to banking."--

Contents

  • Introduction
  • Money in the bank
  • Borrowing from the bank
  • The big truth: how do banks make money?
  • Investments
  • Money smarts
  • Activity
  • True statistics.

Subjects

Added Authors

Melinda Liu