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Tuesday 27 August 2019

Room 7 Banqer blog post

wwhat we did in flip

what we talked about in flip
we talk about how to save, insurance, borrowing money, how you get charged interest, getting loans, identify, (government and non- government) protecting your privacy and signature
banqer-how you learn to save  money and when you get older you can know how to save for things you need like food and clothes and stuff important.
how to save if you have an account for the bank you can put it in your savings and when you get older you know how to use a bank.
insurance is a thing providing protection against a possible eventuality and how you borrow things off people.
borrowing money is when you ask people for money but you have to give it back tomorrow you get it but if they don't give it back by then they put it up more for example they give you $5 and you don't give it back by then that $5 will become $6 and up more if you don't give it back on time.
interest can be calculated for periods that are longer or shorter then one year. 
getting a loan is the same as borrowing money but just not with money only sometimes.
identify is like your identity but cops use it for other things like if you are missing they can find you using  your identity.
government and non- government so if it is government like car insurance that means it is a  government because it is a thing that you buy and it gots insurance on you that means it is under the government and non-government is like an object.
  protecting your privacy means like make sure you don't lose your passport or card that kind of stuff or put it in a bank so you don't lose your money.
your signature is the important thing so if someone tries to copy it they can use it so make sure it is hard so no one can copy it.
    




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