Changes

If more money is needed that in is the holders account, then taking out a [[loan]] from the [[bank]] may be necessary. In this case, rather than receiving a certain percentage back, a certain percentage extra must be paid later.  In this case, you take on the role which the bank has had until now.

If more money is needed that in is the holders account, then taking out a [[loan]] from the [[bank]] may be necessary. In this case, rather than receiving a certain percentage back, a certain percentage extra must be paid later.  In this case, you take on the role which the bank has had until now.

There are various kinds of bank accounts.  The most common are [[savings account]]s and [[checking accounts]].

There are various kinds of bank accounts.  The most common are [[savings account]]s and [[checking account]]s.

== External Links: ==

== External Links: ==

http://www.themint.org/kids/how-banks-work.html

http://www.themint.org/kids/how-banks-work.html