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Jake and Jackie Learn about Basic Banking

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Jake and Jackie Learn about Basic Banking
Print Jake and Jackie Learn about Basic Banking Reading Comprehension with Third Grade Work

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Print Jake and Jackie Learn about Basic Banking Reading Comprehension

Reading Level

	edHelper's suggested reading level:	grades 3 to 4
	Flesch-Kincaid grade level:	4.32

Vocabulary

challenging words:

debt-in, printout, recipient, vinyl, checkbook, debit, chuckle, various, register, listing, unexpected, especially, totally, outlet, deposit, doing

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Jake and Jackie Learn about Basic Banking By Beth Beutler

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¹     Jake and Jackie were bored. They were at Jake's house, and just when they'd hoped to go outside, a rainstorm started. So, they wandered into Jake's mom's home office.
 
²     "What are you doing, Mom?" Jake asked.
 
³     "I'm balancing the checkbook."
 
⁴     Jackie looked at Jake's mom quizzically. "What does that mean?"
 
⁵     "Well, I am making sure that my records match what the bank says I have in the account."
 
⁶     "Do you have to do that a lot?"
 
⁷     "I do it once a month, when the printout comes in the mail."
 
⁸     "I've never understood how checking accounts work," Jackie replied.
 
⁹     "Would you like to learn?" Jake's mom asked.
 
¹⁰     Jackie looked at Jake. There was nothing else to do. So she shrugged and said, "Why not?"
 
¹¹     Jake's mom smiled. "Many people have what is called a checking account. What that means is that they put money, or deposit it, into a bank. As they put money in, they can take it back out in cash, write a check, or use a debit card to spend it. A check is simply a piece of paper. When a person writes it out for an amount of money, and signs it, he or she is making a promise that when the recipient takes that paper to the bank, he or she can receive money in exchange."

Paragraphs 12 to 28:
For the complete story with questions: click here for printable

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