What you do at a financial institution

1. Reasons to Save
What do you do at a financial institution?
Space Mom and Dad are saving to plan a house. The universe saved my allowance a while ago and took the money I had collected and went to the bank to make a bankbook. The universe plans to collect more money and buy a computer when entering junior high school. My brother and I are collecting the money we have received on the errand in the bank. Eunju will buy a bicycle for the money when the bank is full. Like your universe family, there are many purposes for saving people.

Jobs at a financial institution Body image 2
We collect money to buy something like a computer or a bicycle, and collect money to prepare for the large amount of money such as tuition and wedding expenses. We also collect money in case the disaster strikes, gets sick, becomes old and we can not work. There are many ways to save. There are easy ways to save money in a piggy bank, and you can even give money to a financial institution like a bank, a post office, or an insurance company.


2. Bank that takes charge of money
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Old people had to take care of keeping their money safe. But now I do not have to worry about it. I have a bank that keeps my money safe. To deposit money in a bank is called deposit. When you deposit in a bank, you get interest. This is the money I get for paying for it. Banks lend money jugido people entrusted to individuals or businesses, and investments in several places . 1) did make a profit by the. And to give back some of the profits back to those who have paid the money. People can deposit money into a bank securely and get it at interest, and banks help each other because they can make money with people's money.

The first bank in
Korea The first bank in Korea was the Chosun Bank which was founded in 1896. In 1897, Hansung Bank was established. In 1909, the Bank of Korea was established.


What do you say to putting money in a quiz bank for a while ?

Correct answer: Deposits

3. Another job of the bank
Universe Your mother will go to the bank when she pays money to her grandmother in the country or to her uncle who studies in the United States. The bank also sends money to someone who is so far away.

The bank also lends money to people and businesses that need money. Several bills 2) , taxes and fees I'm also able to go to the bank. It can also be used to change other countries' money, to make credit cards, or to take precious metals or important documents. There are so many things to do in the bank like this.

What do you do in a financial institution?
Nowadays, I do not go to the bank myself, but I can see the bank work at home. You can do banking with tele banking or internet banking. Telebanking is a simple banking process, and Internet banking is using the Internet. You can see various bank works at home easily and conveniently by using tele banking or internet banking.

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Bank of Korea, Bank of
Korea The Bank of Korea is different from the Bank of Korea. What do you do at the Bank of Korea? The Bank of Korea makes money for us. I do not lend money to individuals or corporations, but to the general bank. So the Bank of Korea is called 'Bank of the Bank'.


4. Financial institutions similar to banks
"Why do not you just leave the money to a mutual fund company instead of a bank? The interest is higher ... ... "
" Is that so? Or how about leaving it to the post office? "

Eunju, who listened to his mother and father, asked.

"Mom, money is delivered at a post office 3) me to?"
"What do you mean?"
"You know the one post office to deliver a letter and I thought you leave the money."
"What? Hahaha. "In the

old days, as the eunuchs know, I only had to deliver mail from the post office. But now I have to borrow money from the post office. Financial institutions such as investment trust companies, securities companies, insurance companies, and cooperatives also pay or lend money. Co-operatives also sell or sell farm produce. It also lends money to farmers and fishermen. The Saemaeul Safekeeper is a place to look at banking work around each breakdown. It is smaller than a bank. An investment trust is a financial institution that is primarily responsible for returning the profits earned by investing the money that the customer has entrusted to the customer.

5. Organize contents
In order to make money when you need it, in case of illness or disaster, you are saving in case you can not earn money because of your age.

Banks are either paying or lending money. I can handle bills or send money to another place.

Financial institutions like post offices, cooperatives, securities companies, insurance companies, and investment trust companies also pay and lend money.