Viva Kids World A closer look at money
Level of knowledge: master
Level of knowledge: professional
Discover the bank
The secret of savingWhy do people bring their money to the bank? Find out the answer – in an exciting adventure with the Viva Kids gang.
The invisible moneyHow come you can pay with a plastic card? And what does the bank have to do with it? Find out everything about digital money.
The big vault in the basementHow does money get into a Bancomat? And what happens all day in a bank anyway? Find out what goes on in a bank.
Level of knowledge: expert
Interest isn't just something you get if you save money at the bank. You also have to pay interest if you borrow money. Here's how it works:
Ben puts his money in the bank and gets interest from the bank – a type of reward for saving his money in the bank.
So he gets a little more money than he deposited – like an additional CHF 10. But where did the bank get the CHF 10?
This is how it works: Mr. Cash borrows money from the bank. In return, he has to pay back a little more money to the bank than he got from it.
Let's say Mr. Cash has to repay an additional CHF 100 to the bank. It's like a price for the money he borrowed. That is called interest too.
This means the bank gets CHF 100 from Mr. Cash for the money it loaned him. It gives CHF 10 of this to Ben. That leaves CHF 90 for the bank.
It helps the bank pay salaries, rent, and things like ATM repairs.
About give and take
Bank experts know this
The bank has four main tasks:
1. Credit business: So that clients can build a house.
2. Payment transactions: So that clients can pay with their cards.
3. Deposit business: So that savers receive their interest.
4. Relationship management: So that clients can "park" their money (invest it) in the right place.
Everything has its priceThe Viva Kids are still CHF 80 short for their tree house. It's great that they can help out Mr. Cash by clearing out the old garage and selling a few things at the flea market. They can earn a bit of extra cash that way. But then nothing goes as planned...
About notes and coinsNo one needs Laura's stickers. So nobody wants to swap with her. What was it like back when people only used bartering? Is that why they invented money?
The fake bank robbersSophie discovers two big, scary men at the automated teller machine on the other side of the road. Surely they don't want to rob the ATM?
Caretaker Mr. Cash
Mr. Cash is the school caretaker and lives in a small house just next to the big stone steps. That is why he often spends a long time at the schoolyard and takes care of a lot of things. Sometimes he helps the Viva Kids gang and answers their questions about all kinds of things.
Mr. Cash likes his work and has a good sense of humor. He knows good jokes and often carries a small flip-book in his pants pocket.
Sometimes, when he sweeps the schoolyard, he is lost in thought and asks himself: "What would happen if, starting tomorrow, everything were free?"