handsomebb

Banks also lend money. Suppose Mr. Brown wants to build a new factory or buy a farm. He has some money, but not enough. So he goes to his bank to borrow some money from it. If the men who run the bank feel sure that Mr. Brown will be able to pay the money back, they lend it to him. They will charge him a small amount of money for the use of the money that they lend him. This charge is also called interest.

(Typed by Xinyi Jiang)