Read the story aboout Ted. Then answer questions.

     Ted receives 2 dollars every week from his parents. He usually kept all his money in his desk drawer. One day, he opened the drawer and saw a bunch of one-dollar bills that he had been keeping there. He asked his mom, "Mom, what should I do with my allowance? I want to keep it safe." His mom answered, "Why don't you put it all in the bank?" "The bank?" asked Ted. "Yes," his mom replied. "It is safe and you also get interest." "What's interest?" Ted asked. "It is extra money you get for keeping your money at a bank." "That's good," Ted said. "Can you come to the bank with me and help me open an account?" Ted asked. 

     Ted and his mom found a bank near their home. "Hi, I would like to open a savings account, please," said Ted. "May I see your ID, please?" the teller asked. Then she gave some papers to Ted to read and sign. He also chose his PIN. "Are you going to make a deposit today?" the teller asked. "Yes, I want to save one hundred dollars in my account," Ted answered. The teller counted the money, and printed the record out on Ted's new bankbook. "Here is your bankbook," she said. "Just bring your bankbook if you want to deposit or withdraw money next time," the teller added. "Thank you very much," Ted replied. 

     'Wow, now you have your own bank account. I am very proud of you," said Ted's mom. Ted also felt great because he had done something special.