pf4-banking.doc - THEME 4 Banking Services Theme...

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THEME 4 Banking Services Theme Introduction: Banking Services Missouri Competencies: MM.8: Demonstrate how to use the services available from financial institutions. MM.9: Analyze the role of the Federal Reserve in controlling the money supply. Theme Rationale: Most people in the United States use banks for a variety of services. However, millions of U.S. citizens and residents are unbanked. Banks and other financial institutions provide safety and security for consumers’ financial assets and offer an opportunity to earn interest. It is essential that students know how to access these services, understand the variety of financial institutions from which to choose and the benefits of each. Essential Questions: 1. What financial institution will best meet the needs of the individual or household? Instructional Objectives in This Theme: A: Identify deposit, credit and investment services offered by commercial banks, savings and loans, credit unions and brokerage firms. (MM.8) B: Compare checking accounts from different institutions. (MM.8) C: Prepare the following forms related to opening and maintaining a checking account: (MM.8) Application form. Deposit ticket. Check. Check register. Reading and reconciling a monthly statement. D: Differentiate among various types of electronic banking services and smart cards. (MM.8) E: Explain the roles and responsibilities of the Federal Reserve System. (MM.9) Banking Services Published September 2006 COURSE TITLE: Personal Finance THEME TOPIC: Banking Services GRADE LEVEL: 10-12 67
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THEME 4 Banking Services Instructional Components Summary: 1. Pretest and post test with record sheet. 2. CSI lesson 7: Banking on It. Sample Pretest and Post Test: The included tests are intended only as sample questions to assess student mastery, not as end-of- unit exams, nor are the questions representative of the state’s end-of-course exam for Personal Finance. Some questions require higher order thinking skills. The accompanying record sheet is designed to help teachers compare student mastery throughout a course before and after instruction. The forms for the test can be found at: Technology Integration: Keep in mind that as you locate and use websites, updates can change links and availability of information. Check any website you plan to use BEFORE sending students to it. Use search words for relevant tips, articles, and exercises: banking services, on-line banking safety, checking accounts, Federal Reserve and identity theft prevention. Possible web sites: o o o Use spreadsheet software to complete assignments on calculating interest earnings on a variety of savings instruments as well as completing checking account registers.
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