Personal Finance -3/28/17

I. Bellwork:

A.  Read: When A Check You Wrote (Or Received) Bounces

  1. What are two fees associated with writing bad checks?
  2. What does NSF stand for?
  3. What are 4 things you can do if you write a bad check?
  4. How does Michigan’s returned check fee compare to other states?

II  Objectives:

  • Describe banking services available at most financial institutions
  • Create a circle map identifying various modes of payments
  • Explain fees charged by financial institutions
  •  Explain when various bank services may be used.

III.  Notebook

Thinking Maps

  1. Bank Services
  2. Modes of Payments
  3. Bank Fees

IV.  Classwork:

Read & Discuss pages 199-203

A.  Page 199 Vocabulary (8)

B.  Page 205 Q&A 9-13

C  Explain why someone would use:

  1. a certified check
  2. a cashier’s check
  3. a traveler’s check
  4. a money order

D.  April Checks


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