At the conclusion of this unit, students will:
a. Manage/Balance a check book and checking related activities;
b. Discuss the steps of using an ATM
c. Detail the benefits and limitations of debit cards, direct deposit, & automatic bill pay
d. Create a Venn diagram indicating the similarities and differences between banks and credit unions
e. Understand methods of avoiding various banking related fees such as Overdraft, Low Balance, Transfer fees, etc.
National Business Education Standards:
VI. Banking and Financial Institutions
Achievement Standard: Evaluate services provided by financial deposit institutions to transfer funds.
VIII. Protecting Against Risk
Achievement Standard: Analyze choices available to consumers for protection against risk and financial loss.
Collect and analyze data to identify solutions and/or make informed decisions.
Evaluate and select information sources and digital tools based on the appropriateness to specific tasks.