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回答题:Saving Money
Where yousave your money often depends on what you are saving for.If you are saving to buya CD (光盘) or to go to a concert, then probably you would keep your moneysomewhere in your room.
If youare saving for a big purchase like a mountain bike or a school trip, wherewould you save your money?
One placeto save money is the bank.Putting your money in a savings account will help yourmoney earn more money.If you put your money in a piggy bank (猪形储蓄罐), one year later you'll still have the same amount of money you putin.If you put your money in a savings account, one year later, you'll havemore money than you put in.Why ?
When youkeep your money in a bank, your money earns interest.Interest is an amount of moneya bank pays you to use your money.The bank uses your money ( and the money ofother people, too) to loan money to people and businesses.
The bankwill send you a statement several times a year.A bank statement tells you how muchmoney you have in your account.It also tells you how much interest you haveeamed Ifyou leave your money in the bank, you can watch it grow! Another wayyou can save money is to buy a certificate of deposit or CD.If you have somemoney that you don't need to use for a long time, this is a good way to makeyour money grow.You can buy a CD at a bank.You
agree notto use the money for a certain period of time.That period might be from sixmonths to five years.You can't touch your money during that time if you do,you must pay a penalty, or fee.
Your money will earn more money if you put it A.inyour room
B.in apiggy bank
C.inyour pocket
D.in asavings account
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