Personal Finance – 6/01/17
I. Objectives:
The Banking System
I. Examine the different types of financial institutions
II. Understand the characteristics of different bank types (retail vs. online vs. credit union)
Ill. Introduce the structure & function of the Federal Reserve
Choosing Your Account
IV. Understand some basic terms/features of accounts (liquidity, FDIc-insured, minimum balance)
V. Know the different types of accounts (checking, MMA, savings, cD)
VI. Compare account types based on liquidity, minimum required balance, & interest rate
Using Your Account
VII. Identity common account fees & how they can occur
VIII. know the parts/function of the check
IX. Understand how to monitor/balance your account
II. Complete Module 2 – Banking
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