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Two Way Governance: Presentation 3
FUNDING BODY
Usually a government department, the
funding body is an agency that has money
to fund organisations to do different jobs. It
doesn’t just hand over money: gives
funding under certain conditions and to do
a particular job.
INTEREST, EARNING INTEREST
This is the money that your bank deposit
earns. It might only be a small amount, but
the more money you have in the bank the
more interest you get.
When you borrow money from the bank,
you pay it back and also pay extra for
borrowing the money. This is you paying
‘interest’.