Business Practice in Elementary Schools

Cover Business Practice in Elementary Schools
Business Practice in Elementary Schools
Roy Davis
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Assets are the capital of a company. Liabilities are the debts of a company.
F. A firm's liabilities are what they can pay and assets are what they can't pay. (Terms are confused. ) P. Assets means goods discharged for debt.
13. What is a savings bank ? Why is it a good place to put your money ?
G. A savings bank is a bank where you put your money re- ceiving a rather low rate of interest. It is a good kind of bank because you have good security.
F. A savings bank is a good place to put your mo
...ney because it can't be stolen and you get interest.
P. A savings bank is where you keep your money.
14. What is a post-office money order ? How can you get one ? What is it used for ?
G. A post-office money order is an order given by one office on another. You can get one by filling out a blank and paying a certain amount of money. It is used for sending in the mail.
F. A post-office money order is a paper stating you have sent money through the mail.
P. A post-office money order is where you send money some place.


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