Is our money still safe?

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our money is still safe but if the bankers are taking risks with the money another financial crisis could appear but if bankers stop messing around with our money then financial crisis would not even be a thing anymore another thing that could also start a financial crisis is if banker are lending people money even when they know the people will not pay it back. Did you know the financial crisis in 2014 started because of all theses things and also everybody had to pay £3,000?

Comments (3)

  • Notley-Green-logo-250x250.jpg selfreliant_blackberry
    Notley Green Primary School 29 Nov 2018

    well if your money is on a credit card it is not safe because f you loose you card you have all you money that is in you bank but ifu have money cash it can be kept in safe place

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  • Ormiston-Bushfield-logo-250x250.jpg fearless_conversation
    Ormiston Bushfield Academy 29 Nov 2018

    10 years onwards and our money is safe and there is a very slim chance of another financial crisis happening. The Bank of England has since put in precautions to make sure it doesn't happen again. Such as safer lending where they make sure the people that take out money can eventually pay back the money. They take risks because they might make more money at the end of it. If you had £100 and was given the chance to earn 500 pounds more would you take it? Also although many people had to pay money and a lot of it was lost I don't think everybody had to pay £3000. Despite the fact business was losing money in 2014 it was most definitely not the same as the financial crisis in 2008.

    This is my point of view on the financial crisis and hope you can see why I would think this.

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  • RockcliffeManor-logo-250x250.jpg tranquil_quince
    Rockliffe Manor Primary School 13 Dec 2018 in reply to selfreliant_blackberry's comment

    If you have a barclays card you can freeze it and unfreeze it so if you lose it, you can go on your phone and freeze it so nobody can use it.

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