Mon. March 20, 2017 BRO Time Daily Quiz: Purchasing Motives Objectives (78) Identify basic banking services. (79) Demonstrate maintenance of checking and savings accounts. Homework None Today’s Agenda BRO Time Daily Quiz: Purchasing Motives Banking Services PowerPoint & Notes. Practice with TheMint.org (link on VISION) Checking Account Project Closure Explain the importance of accuracy in maintaining a check register. What are potential consequences of inaccurate records?

Tue. March 21, 2017 BRO Time Daily Quiz: Purchasing Motives Objectives (78) Identify basic banking services. (79) Demonstrate maintenance of checking and savings accounts. Homework None Today’s Agenda BRO Time Daily Quiz: Purchasing Motives Banking Services PowerPoint & Notes. Practice with TheMint.org (link on VISION) Checking Account Project Closure Explain the importance of accuracy in maintaining a check register. What are potential consequences of inaccurate records?

Introduction to Business & Marketing Banking Services Introduction to Business & Marketing

Identify basic banking services. Task 78

THINK ABOUT IT What do banks do? List at least three reasons consumers use banks.

Banking Services Banking Managing Accounts Lending Money Storing Valuables Financial Services Depositor Protection

Managing Depositor Accounts types of accounts Checking provides quick access to money Savings not intended for daily use Credit Card borrowing money and paying it back at a later date

Managing Depositor Accounts Account Services Accepting Deposits Handling Withdrawals Offering Convenience Automated Teller Machine (ATM) Electronic Funds Transfer (EFT) Debit Card

Other Banking Services Lending Money Storing Valuables Safety Deposit Box Think About It What are the advantages of a safety deposit box? What items might you choose to be secured at a bank? Keeps items safe from theft and fire. Important documents (birth or marriage certificates, insurance policies, property deeds), Jewelry, Irreplaceable Family Photos, Stocks or Bonds Certificates, Foreign Currency, etc.

Financial Services Financial Advice Investment Services purchasing stocks (shares in private businesses) and bonds (shares in government holdings) Think About It What is the difference between savings and investments? What is the difference between savings and investments? RISK

Protecting Deposits Federal Deposit Insurance Corporation (FDIC) Federal government agency that insures commercial banks for $250,000 per depositor per institute National Credit Union Administration (NCUA) Federal government agency that insures credit unions for $250,000 per depositor per institute Federal Reserve System Answer each question as you watch this video about “the Fed.” Video: https://www.frbatlanta.org/about/fed-explained/2013/regional-banks.aspx Watch first 2 minutes only – the rest is about the Atlanta bank.

Think About It… Answer the questions about BANKNG on your note guide.

Demonstrate maintenance of checking and savings accounts. Task 79

Checking Account Project In order to prepare for your summative assessment, which is a Checking Account Project, complete the following tasks: Follow the directions on the last page of your notes to practice correctly writing a check. Follow the links (VISION) to complete the following tasks: Read about Tracking Your Checking Account. Complete the Balance Your Checking Account practice. If time permits, play the Spending Challenge game. Tracking  http://www.themint.org/teens/track-your-checking-account.html Balance  http://www.themint.org/teens/balance-your-checking-account.html Spending Challenge  http://www.themint.org/teens/take-the-spending-challenge.html