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Loan

society Maturity 11-13

A loan is when you borrow money.

Petrevene 18.jpg
Petrevene 18.jpg
You must pay it back later. You might pay a little extra for help. This extra is called interest. Banks often help with loans. It helps people buy big things. Do you know what a bank is?

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📚 Content adapted from Wikipedia | Readability: FK 11.6 | Vital Level 4