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Economic and management sciences

Grade 5

My bank and i

Module 8

Responsibility and business

A. my money - my responsibility:

A bank is simply the agent that keeps your money safe and performs transactions as requested by a client. It remains your responsibility to manage your money.

When you open an account at a bank, the bank will send you a monthly bank statement to inform you of what you did with your money during the previous month and what your balance was at the end of that month.

With the help of your friend, study the following bank statement and decide whether Mr De Klerk has managed his money responsibly.

H DE KLERK SA BANK

5 GREEN STREET CAPE TOWN

CAPE TOWN ACCOUNT NUMBER: 777756

8001

PRESENT BALANCE : 2 056,11

STATEMENT FOR PERIOD : 18/09/2004 – 25//09/2004

DATE TRAN. DESCRIPTION CHARGES AMOUNT BALANCE
180904 CHEQUE : 22 1 052,66
180904 CASH WITHDRAWAL 4,50 234,56 818,10
180904 DEPOSIT: CHEQUE 2,40 150,00 668,10
190904 DEPOSIT: CASH 0,59 278,90 947,00
190904 CHEQUE: 24 1,20 250,76 1 197,76
220904 CHEQUE: 25 2,80 166,80 1 030,96
220904 DEPOSIT: CHEQUE 1,60 89,99 940,97
230904 CASH WITHDRAWAL 5,80 1 958,60 2 899,57
230904 BANK CHARGES 5,60 1 000,00 1 899,57
240904 CHEQUE: 23 0,00 24,49 1 875,08
240904 ACB CREDIT 7,80 1 278,60 596,48
250904 CHEQUE: 26 0,00 3 500,00 4 096,48
250904 CASH WITHDRAWAL 7,80 1 875,99 2 220,49
250904 CHEQUE: 22 2,80 164,38 2 056,11

END OF QUERY 25/09/2004 11:23:20

Have you calculated the final balance?

Do you think that Mr de Klerk has sufficient money in his account to buy Christmas presents?

Our conclusion:

Use the following list of transactions to compile a bank statement for the month of September. Remember to subtract amounts paid out from the balance and to add amounts received.

1 Sept. Bought toys Cheque no. 66 R 215,99
3 Sept. Paid for Gardening Cheque no. 67 R 150,00
3 Sept. Paid telephone Cheque no. 68 R 347,56
4 Sept. Municipality Cheque no. 69 R 287,90
5 Sept. Withdrew cash R 500,00
7 Sept. Petrol Cheque no. 70 R 185,47
10 Sept. Food Cheque no. 71 R 1 245,67
15 Sept. Received salary R 6 899,00
17 Sept. Received gift R 250,00
21 Sept. Motor car service Cheque no. 72 R 1 085,00
25 Sept. Petrol Cheque no. 73 R 165,80
28 Sept. Children’s pocket money (cash) R 170,00
30 Sept. School fees Cheque no. 74 R 855,00
30 Sept. Hotel (long weekend) Cheque no. 75 R 2 068,00

[LO 3.4]

B. a bank – a business

Have you ever thought of a bank as a business?

A bank not only sells money, but also a service to its clients. They are in competition daily with other banks. As in any business, they have to attract the attention of potential clients.

The “product”, money, cannot be improved or made more attractive. Money remains money. A bank cannot suddenly decide to print money with colourful borders in order to attract the attention of young people. For that reason banks must concentrate on the other aspect, namely SERVICE. How is money made available to the client, and what is the quality of the attention a bank offers its clients?

  1. Information brochures

Most commercial banks offer a large selection of colourful brochures that explain the facilities available to their clients. There are brochures or pamphlets that tell the clients more about:

Questions & Answers

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
?
Kyle
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
Adin
why?
Adin
what school?
Kyle
biomolecules are e building blocks of every organics and inorganic materials.
Joe
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
research.net
kanaga
sciencedirect big data base
Ernesto
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.
Bharti
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
Daniel
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
Maciej
characteristics of micro business
Abigail
for teaching engĺish at school how nano technology help us
Anassong
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
NANO
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
s.
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.
Tarell
what is the actual application of fullerenes nowadays?
Damian
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.
Tarell
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.
Virgil
is Bucky paper clear?
CYNTHIA
carbon nanotubes has various application in fuel cells membrane, current research on cancer drug,and in electronics MEMS and NEMS etc
NANO
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.
Harper
Do you know which machine is used to that process?
s.
how to fabricate graphene ink ?
SUYASH Reply
for screen printed electrodes ?
SUYASH
What is lattice structure?
s. Reply
of graphene you mean?
Ebrahim
or in general
Ebrahim
in general
s.
Graphene has a hexagonal structure
tahir
On having this app for quite a bit time, Haven't realised there's a chat room in it.
Cied
what is biological synthesis of nanoparticles
Sanket Reply
what's the easiest and fastest way to the synthesize AgNP?
Damian Reply
China
Cied
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
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Source:  OpenStax, Economic and management sciences grade 5. OpenStax CNX. Sep 05, 2009 Download for free at http://cnx.org/content/col10974/1.1
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