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Money and Banking

Money and Banking

We all use money and most of us use banks. Despite this, the actual working of the banking system is a bit of a mystery to most (especially fractional reserve banking). This older tutorial starts from a basic society looking to do more than barter and incrementally builds to a modern society with fraction reserve banking. Through this process, with the aim of hopefully gaining a deep understanding of how money and banking works in our modern world among the students of Grades 3 to 8, Queen Mira International School organized a Current Affairs Session from 13 .07.2015 to 23.07.2015 at their respective classes.

The in-charge-teachers, Ms.Kalpana and Ms.Aishwarya dealt with the topic in an elaborative way with the support of Power Point Presentation. They educated the students on the evolution and history of money and banking , money as a medium of exchange , comparative study between Indian currency and other countries’ currencies and how the Indian Government through Reserve Bank of India contract and expand the money circulation within the country.

On the whole, these sessions created thirst for learning more and beyond.