Banking Explained – Money and Credit

How exactly do banks work? A short video clip explains the complex banking system in a way all young savers understand. Scholars analyze just how a bank operates and makes money by providing investment opportunities to the community. From credit unions to savings and loans, learners grasp the concept of borrowing, interest, and credit using a resource that is on the money!

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CCSS: Adaptable
Instructional Ideas

  • Come up with a series of short questions for scholars to answer while they watch the clip
  • Role play the banking system of loans and credit with monopoly money 
Classroom Considerations

  • A short advertisement plays prior to the video clip 
Pros

  • Resource is excellent for audio and visual learners 
  • Closed captioning available for those with audio difficulties 
Cons

  • Resource does not include a lesson plan with the video clip