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Holmes Chpt 5 Banking

Holmes Chpt 5 Banking. EQ = Essential Questions Knows = Vocabulary Understandings = Why learn this Dos = Skills and activities. Chpt 5 – Banking. Essential Questions: What financial services and banking options work for my lifestyle?

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Holmes Chpt 5 Banking

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  1. HolmesChpt 5 Banking EQ = Essential Questions Knows = Vocabulary Understandings = Why learn this Dos = Skills and activities

  2. Chpt 5 – Banking Essential Questions: • What financial services and banking options work for my lifestyle? • What should I consider when choosing a financial institution? • What financial services and options are offered at my financial institution? • How can I manage my saving and checking accounts? • Remember you are responsible for answering one of these essential questions at the end of this unit as another assessment.

  3. Chpt 5 - Banking • What Key Terms you Need to Know: • Direct deposit – automated teller machine – debit card – point-of-sale transaction – commercial bank – credit union – certificate of deposit – money market account – compounding – overdraft protection – stop-payment order – endorsement – bank reconciliation (13 words) • What you need to Do and Be Skilled at: • Describe various types of financial institutions & services • Compare and contrast financial products and services to meet your needs and goals • Compare the costs, benefits & features of different saving & checking plans • Explain how to use a savings and checking account effectively

  4. Chpt 5 - Banking • What you need to understand: • There are many financial institutions which offer a variety of services to customers. • Managing your finances involves researching financial institutions and options to achieve your needs and goals. • Having a relationship with a financial institution has additional benefits. • Various banking options simplify your life and are excellent tools for managing money, making on time payments and keeping safe & accurate records.

  5. Chpt 5 - Banking LEARNING GOALS • LG #1 Compare and contrast the financial benefits of different products and services offered by financial institutions. • LG #2 Describe and calculate interest and fees that are applied to various forms of spending, debt, and savings. • LG #3 Develop a plan that uses the services of various financial institutions to meet personal and family financial goals. • LG #4 Apply critical thinking and problem-solving strategies and participate in structured learning experiences. • LG #5 Create and present information with resources in a format that effectively communicates the meaning.

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