Intro to Business – 1/04/10

I.  Bellwork
A.  What are the three main ways in which a person can buy something?

II.  Objectives:

  • Describe the advantages of having a checking account
  • Explain differences between checking accounts
  • Explain the process of opening a checking account

III.  Notebook
Chapter 21 Opening a Checking Account pgs 337-349
A.  Advantages of a Checking Account

  1. Convenience – Explain
  2. Safety- Explain (2)
  3. Proof of Payment – Explain
  4. Record of Finance – Explain

B.  Types of Checking Accounts

  1. Regular Checking Accounts – Characteristics (3)
  2. Interest Checking Accounts – Characteristics (3)
  3. Other Types (1)

C.  Opening  Checking Account

  1. Signature Card – Definition & Purpose
  2. Making the First Deposit

       a.  Deposit Slip – Definition & Information

IV.  Classwork

  • Page 351 Definitions and Terms 1-12


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