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Bank Provided Services Consumer Economics Graduation Requirement Senior Seminar
Bank Provided Services Savings account Loans- Mortgages/home/business/student Checking account Debit card Credit card Cashiers check / certified check Travelers Checks Saftey Deposit Box
Bank Provided Services Banker/Financial services Debt Consolidation Insurance Loans and Lines of credit Order Foreign Currency Overdraft Protection Prepaid Card Money Transfer Online Banking Services
Bank Provided Services Direct Deposit 24/7 Deposit access ATM- Automatic Teller Machine
Banking Vocabulary. Bank I am going to the bank today.
Finding Financial Services Review. A financial institution that provides compensation in case of a disaster or accident.
Currency Exchange Provided Services Consumer Economics Graduation Requirement Senior Seminar
Chapter 5. Financial Services Borrowing Short Term Regular Savings Money Market Accounts Long Term Certificates of Deposit U.S. Savings Bonds Investment.
Chapter 10 Banking Comparing Financial Institutions Bank = an institution where you can deposit money Interest = fee paid for using someone else’s.
Considerations: Size of institution Location Years in business Rates of interest Availability for emergencies.
FINANCIAL SERVICES AND INSTITUTIONS. Financial Services Services offered by banks and other financial institutions 1. Savings and Investment 2. Payment.
Chapter 10 Section 3. Service 1: Customer Can Store Money Banks store currency safely Insured against failure Safety deposit boxes Service 2:
Unit 4: Banking Consumer Education Chapter 7. How Banks Work Banks are a business; they work to earn a profit Most profit comes from interest charged.
1. Explain the difference between “commodity” and “fiat” money. 2. Because the melt value of a pure copper penny is $.03, how are pennies now made?
Types of retail/business banking products and services 1.06 Acquire knowledge of retail/business banking processes and services to facilitate workplace.
CHAPTERS 9 & 10 WHERE TO STASH YOUR CASH. LEARNING TARGETS Students can… Explain how banks make a profit Identify types of checking accounts Fill out.
Oklahoma’s Personal Financial Literacy Passport © Oklahoma State Department of Education, All rights reserved. 1 Teacher Presentation Series 3 Standard.
Seminar: Timely Topics for Today’s Business World Mr. Bernstein Banking February 23-24, 2014.
7.02 Evaluate ways that commercial banks can assist consumers with money management. Principles of Business 2006.
Bank & Insurance Ms. Cichon Rosholt High School. Financial Institutions Commercial Bank: Financial institution that offers a wide variety of banking services.
Intro to Banking and Credit Two basic types of accounts 1.Savings – savings accounts pay interest on the money in the account. This is because the bank.
Junior Achievement 3.1 “Bank On It”. Vocabulary Review Time! Income: Income: The payment for the use of resources Scarcity: Scarcity: A situation where.
© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 1 Chapter 7 LESSON 7.3 Electronic Banking Objectives: By the end of class, students will.
MoneyMoney & Banking-Chapter 14 Money- anything used as a medium of exchange, a unit of accounting, and a store of value. The 3 Functions of Money 1.Medium.
Consumer Services Chapter 10-3: Managing Your Money.
TODAY’S AGENDA 1.Budgeting Project review- they are due electronically tomorrow 2.Budgeting Quiz (DVD) and test questions afterwards 3.Ch. 10 Baking 4.Ch.
Where to Stash Your Cash BANKING SERVICES. HOW BANKS WORK Objectives Identify how banks operate and how they benefit customers. Describe the benefits.
Building Bucks Basic Financial Services. Financial Institutions 3 Main Types – Banks – Credit Unions – Savings and Loan Associations (S&L) Advantages.
Introduction to Business © Thomson South-Western ChapterChapter Banking and Financial Services Banks and Other Financial Institutions Financial.
Section 2 17 Chapter Financial Services & Electronic Banking.
September 28, 2011 Objective: Students will identify the purpose of a checking account.
Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Banks and Other Financial Institutions Financial Services.
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 17 SLIDE Banks and Other Financial Institutions 17-2.
Fri. 4/15. Ch. 10 Money and Banking 10.3 Notes “Banking Today”
* Do you have a checking account or credit card that you pay for? Do you know how to manage a checking account or credit card? * Please put your responses.
Glencoe Business and Personal FinanceCopyright © by The McGraw-Hill Companies, Inc. All rights reserved.
Money Management Checking Accounts & Banking Services By: Talia Spain.
Copyright © Cengage Learning. All rights reserved Recent Changes in the Banking Industry Financial Services Modernization Banking Act (1999 ) –Allows banks.
Stock Market Analysis and Personal Finance Mr. Bernstein Banking, pp March 8, 2013.
Personal Finance. Four common Financial Institutions Commercial banks Savings and loan associations (S&Ls) Credit Unions Brokerage Firms.
How to Manage Your Cash › Daily Cash Needs Lunch, movies, gas, or paying for other activities Carry cash Go to an ATM Credit Card Know pros.
Banking products and operations. withdrawal A withdrawal in a bank / withdraw money = to take money out of a bank account.
Money and Banking. Section 1 Money is anything that serves as a medium of exchange, a unit of account and a store of value.
Objective 4.02 Understand the banking system Classification of financial institutions.
What is best for you? By: Anissa Hodges. A financial institution is an establishment that conducts financial transactions such as investments, loans.
Chapter 14 Money 3 Functions of Money Medium of Exchange - Barter System Unit of Accounting - Yardstick for comparison - Enables accurate financial records.
Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Banking Services and Fees 9.
BANKING: It is an IMPORTANT aid to trade and commerce.
ECONOMICS Year in review. Market economy – economic system in which the people, rather than the government, own the resources and run the business Mixed.
Chapter 24 Checks, The Banking System and E-Money.
©2013 Cengage Learning. All Rights Reserved. Business Management, 13e Financial Services Financial Institutions Common Financial Services.
Chapter 10 Section 3 – Banking Today. Objectives 1. Explain how the money supply in the United States is measured. 2. Describe the services that banks.
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