Currently, rainforests are being destroyed at the rate of 100 acres each minute. If this continues, almost all of the Earth's rainforests will be gone by the year 2030, and many of the plants and animals that live in rainforests will become extinct , or disappear forever like the dinosaurs. Even though rainforests may seem far away, our daily actions affect the future of the rainforests. Many of us already know that using rainforest wood, burning fossil fuels, or eating rainforest beef can lead to increased rainforest destruction. Banks are places that store money for people like you and me.
Banks also lend money to people and businesses.
When we put our money in a bank for safe keeping, the bank actually uses our money to make loans to other people. In exchange for using our money to make loans, the bank gives us a small amount of money called interest. When banks lend money, the person or company taking out the loan must pay the bank interest on the money. Banks always earn more interest on the loans than they pay to the people who have savings accounts. This is one important way that banks make money.