Financial Institutions In The U.S. Economy

1. Lesson 10 Financial InstitutionsIn The U.S. Economy

2. Slide 10.1 Lesson 10 – Financial Institutions in the U.S. Economy Matching Savers and Borrowers • It is hard to match up savers’ goals and borrowers’ requests directly. • Financial institutions do this job; for example: • Banks pool savers’ money together and lend from the pool. • Life insurance companies use policyholders’ funds to build up a pool from which survivors can be paid. • Pension funds use workers’ saved money to lend and invest, using the returns to finance the workers’ retirements. • Financial institutions provide ways for people to save and invest.

3. Slide 10.2 Lesson 10 – Financial Institutions in the U.S. Economy Advantages and Drawbacks

4. Slide 10.3 Lesson 10 – Financial Institutions in the U.S. Economy Advantages and Drawbacks (Cont.)

5. Slide 10.4 Lesson 10 – Financial Institutions in the U.S. Economy Apple’s Financial History-1 In the early years when Steve Jobs worked by himself, he knew he was good at marketing but missed the technical skills of his friend Steve Wozniak. Worried about his responsibility for Apple’s debts, Ronald Wayne left the young company after only two weeks. The death of Steve Jobs in 2011 was difficult for Apple, but the corporation continued operations without interruption.

6. Slide 10.5 Lesson 10 – Financial Institutions in the U.S. Economy Apple’s Financial History-2 D. Apple shareholders have worried about executives’ determination to spend whatever money it takes to defeat the rival Smartphone operating system, Android, fearing the impact on profits and the value of their investment. E. When Steve Jobs and Steve Wozniak were running Apple in the early days, they had disputes about required components for new designs. F. It was easy for Steve Wozniak to get paid as a free-lancer for occasional technology jobs in California in the 1970s.