<< Chapter < Page Chapter >> Page >

Economic and management sciences

Grade 5

My bank and i

Module 7

The bank as an agent

  1. The bank as an agent between yourself and your clients (the people whom you must pay for their services or products):

A bank makes it possible for two persons/businesses to do business in other ways than by transferring cash/money. There are various methods in which this can be done. The following are a few of these:

  • With the help of a bank slip such as the one shown below, you can deposit money into your client’s account. If you know your client’s bank number you can do such a transaction.

  • You can also pay for services or products with the help of a cheque linked to your cheque account. You may write out a cash cheque or you can make the cheque out in the name of the receiver. If Mr De Klerk bought new tyres to the value of R800,00 from Y-Tyres, the cheque that is written out to pay for the tyres would look like the following example:

Talk to your educator and parents about what it means to cross a cheque. Why is it important to cross a cheque ?

Now use these blank cheques to pay the following providers for services or products:

Star Supermarket for groceries to the value of R245,69;

Prima Park Primary School for school fees: R375,00.

[LO 3.3]

  1. We can also get bankcards or credit cards with which we can transfer money from one person or company to another.

The claimant/service provider has a special machine that is able to read the magnetic strip on the card and register the transaction. The balance on the account of the person who is paying is automatically reduced by the relevant amount and the claimant’s or service provider’s account is increased by the same amount.

Example : If you have R500, 00 in your account and you purchase goods to the value of R120, 00 with your credit card, the following calculation will be done to provide your new balance:

R500,00 - R120,00 = R380,00


LO 3

Management, Consumer and Financial Knowledge and Skills

The learner is able to apply and demonstrate, in a responsible manner, knowledge as well as a range of management, consumer and financial skills.

We know this when the learner :

3.3 finds out and discusses how a savings account is opened at a bank, and completes deposit and withdrawal slips;

3.4 discusses the value of savings and thrift and people’s difficulty in saving if basic needs are not met.


  • Safety!
  • Fill checks in with the aid of previous examples in module.

Questions & Answers

Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
what school?
biomolecules are e building blocks of every organics and inorganic materials.
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
sciencedirect big data base
Introduction about quantum dots in nanotechnology
Praveena Reply
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
how to know photocatalytic properties of tio2 nanoparticles...what to do now
Akash Reply
it is a goid question and i want to know the answer as well
characteristics of micro business
for teaching engĺish at school how nano technology help us
Do somebody tell me a best nano engineering book for beginners?
s. Reply
there is no specific books for beginners but there is book called principle of nanotechnology
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
what is the actual application of fullerenes nowadays?
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
is Bucky paper clear?
carbon nanotubes has various application in fuel cells membrane, current research on cancer drug,and in electronics MEMS and NEMS etc
so some one know about replacing silicon atom with phosphorous in semiconductors device?
s. Reply
Yeah, it is a pain to say the least. You basically have to heat the substarte up to around 1000 degrees celcius then pass phosphene gas over top of it, which is explosive and toxic by the way, under very low pressure.
Do you know which machine is used to that process?
how to fabricate graphene ink ?
for screen printed electrodes ?
What is lattice structure?
s. Reply
of graphene you mean?
or in general
in general
Graphene has a hexagonal structure
On having this app for quite a bit time, Haven't realised there's a chat room in it.
what is biological synthesis of nanoparticles
Sanket Reply
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
Privacy Information Security Software Version 1.1a
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get the best Algebra and trigonometry course in your pocket!

Source:  OpenStax, Economic and management sciences grade 5. OpenStax CNX. Sep 05, 2009 Download for free at http://cnx.org/content/col10974/1.1
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Economic and management sciences grade 5' conversation and receive update notifications?