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Hi, I'm John. I'm going to the Bank. Let's go inside
I will put money in the bank. The bank will give me extra money called interest.
If I were to borrow money from the bank. For example, I want to buy a house but I don't have enough money. I will borrow money from the bank and repay the bank their money plus extra money called interest.
When I put the money in the bank. I get more!
I I borrow money from the bank. I will lose money.
That's it from the Bank. See y'all next time on Johns Facts.
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