Banking-Guided Notes (slides)

Use the above slides to help you find the right information to complete these guided notes.

1. What are the four reasons for using a bank?

1. How do banks make money?

1. What are the two types of banks?

1. What’s the difference between them?

Commercial Banks Credit Unions

What 3 things should you consider when choosing a bank?

What are the 3 benefits of having a checking account?

What are the 3 types of checking accounts?

What does EFT stand for?

What are some other bank services?

What does FDIC stand for?

What are the 5 functions of the federal reserve bank?

What are the advantages of using a checking account?

What 5 things should one consider when choosing a checking account?

What does check endorsement mean?

What are the three types of check endorsements?

What are 4 types of guaranteed checks?