The Anonymous Widower

Money-Go-Round

I remembered this term about Rossminster and just out of curiosity I searched the Internet for the term.

I came across this piece on the Bank of England’s web site, with that title.  Judging by the picture I think it is about informing children about how banks work.

Banks work because we trust them. We are confident that they will keep our money safe, make it grow and give it back to us when we ask for it. But did you know that as soon as we give the bank our money, it gives it to someone else? This is because a bank is like any other business, the difference being that their product is money. Banks use money to make money.

Make your own conclusions.

July 11, 2009 - Posted by AnonW | Finance | Banks