Saving Money Handout

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Saving Money Keeping Your Money Safe Imagine this: you are out for a walk and you find a stack of shiny gold bars. Where do you put your treasure to keep it safe? • Do you hide it in your room? • Do you bury it in the ground? • Do you carry it with you at all times? You have to make a similar choice with your money. There are many places you can save your money to keep it safe. Saving Money in a Piggy Bank A piggy bank keeps your money in one spot. This makes it easier for you to find your money when you need it. Saving Money Keeping your savings in your room is handy, but it may not be safe from sneaky siblings. There are many places you can save your money. Also, when your money is close by, you Watch out—some are safer than others! may be tempted to spend it before you’ve reached your savings goal. Saving Money in a Savings Account Questions: Did you know that you get paid to deposit Where do you keep your money right now? (or put) your money in a savings account? 1. Why might you choose to keep your money in a Interest is the money a bank or credit 2. piggy bank? union pays you for keeping your money in a savings account. The longer you keep your 3. Why might you choose to keep your money in a money there, the more interest you earn. savings account? A savings account is safer than a piggy bank 4. What is interest? and it makes you extra money, too! BROUGHT TO YOU BY It’s a Money Thing is a registered trademark of Currency Marketing.

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REP21 December 1974
World Bank Reprint Series: Number Twenty-one REP21 December 1974 Public Disclosure Authorized V.V. Bhatt Some Aspects of Financial Policies and Central Banking in Developing Countries Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Reprinted from World Development 2 (October-December 1974) World Development Vol.2, No.10-12, October-Deceinber 1974, pp. 59-67 59 Some Aspects of Financial Policies and Central Banking in Developing Countries V. V. BHATT Economic Development Institute of the International Bank for Reconstruction and Development mechanism and agency as provided by the existence of a Central Bank. What needs special emphasis at an international level is the rationale and urgency of evolving a sound financial structure through the efficient performance of the twin interrelated functions-as promoters and as regulators of the financial system-by Central Banks. 1. SOME ASPECTS OF FINANCIAL POLICIES .. ~~~The main object of this Section is to show the Economic development is not only facilitated but its . pace is quickened by the appropriate development of the significance of saving and flow-of-funds analysis as an financial system--structure of financial institutions, indicator of a set of financial policies-policies relating instruments and interest rates.1 to the structure of financial institutions, instruments and Instrumentsand interest rates.r interest rates-essential for resource mobilization and In any strategy of development, therefore, it is allocation consistent with a country's development essential to emphasize the evolution of a sound and . 6 c well-integrated financial system from the point of view objectives. In a large number of developing countries, the only both of resource mobilization and efficient allocation.2 reliable data available for understanding the trends in the In Section I of this paper, an attempt is made to economy and for policy purposes relate to monetary delineate the broad contours of a set of financial policies flows and the balance of payments.
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Saving in a Financial Institution
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