Personal Finance -3/28/17
I. Bellwork:
A. Read: When A Check You Wrote (Or Received) Bounces
- What are two fees associated with writing bad checks?
- What does NSF stand for?
- What are 4 things you can do if you write a bad check?
- 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
- Bank Services
- Modes of Payments
- 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:
- a certified check
- a cashier’s check
- a traveler’s check
- a money order
D. April Checks
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