Legend, Old Story, Folklore
Noun
むかしばなし
これは日本の昔話ですか。
Is this a Japanese folk tale?
まるで昔話の中に出てくるおひめさまみたいね。
That's like a princess in a legend.
バス待合所でバスを待ちながら、昔話の絵本を子どもに読み聞かせた。
While waiting for a bus in the bus shelter, I read a folk tale picture book for my child.
Long ago people used to talk about all sorts of things. Most of them weren't true. Long ago people liked to lie a lot. Now we call those things they talked about folk tales and legends.
The readings for this word are both kun'yomi readings. You learned them both already, so you should be able to read this on your own. Just watch out for the rendaku of はなし to ばなし.