Banking-Guided Notes (slides)

Last updated about 2 years ago
1 question
Use the above slides to help you find the right information to complete these guided notes.
What are the four reasons for using a bank?
     ____________________________ 
How do banks make money?
     _______ _______ _______ 
What are the two types of banks?
     _______ _______ 
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?
_______ _______ _______ _______ 