Banking and Private Financial Institutions
Private Financial Institution
MONEY ROCK Dollars and Sense: http://www.youtube.com/watch?v=mV6YaTbNvvE $7.50 Once a Week: http://www.youtube.com/watch?v=GawH48QNDfc Where the Money Goes: http://www.youtube.com/watch?v=N9iZfxElc1A Tax Man Max: http://www.youtube.com/watch?v=OK1t9vFDmXA. Walkin’ on Wall Street: http://www.youtube.com/watch?v=yIZaelw_cHE This for That: http://www.youtube.com/watch?v=J7hNOt2Y0J8 Tyrannosaurus Debt: http://www.youtube.com/watch?v=e0EyKk-a25U The Check’s In the Mail: http://www.youtube.com/watch?v=fjxwVxi8mYU
Complete the Preview activity on your own. Private Financial Institutions: Complete the Preview activity on your own.
Relating to ___________ matters. Private Financial Institutions: Financial= Relating to ___________ matters. money
_______________ established for a particular purpose. Private Financial Institutions: Institution= _______________ established for a particular purpose. organization
One who uses money to make more ___________. Private Financial Institutions: Investor= One who uses money to make more ___________. money
A person who acts as an agent ___________ parties; a middleman. Private Financial Institutions: Intermediary= A person who acts as an agent ___________ parties; a middleman. between
to put into for _______________. Private Financial Institutions: deposit= to put into for _______________. safe-keeping
a charge for the use of ___________. Private Financial Institutions: interest= a charge for the use of ___________. money
Private Financial Institutions: Private financial institutions act as intermediaries between __________ and ______________. Savers Borrowers
Characteristics of Private Financial Institutions:
Private Financial Institutions: Characteristics: Include _______, Savings and ______, and Credit _______ Banks Loans Unions
Characteristics: Receive __________ and make ________. Private Financial Institutions: Characteristics: Receive __________ and make ________. deposits loans
Private Financial Institutions: Characteristics: Encourage saving and investing by paying __________ on deposits. interest
Borrower pays Bank back + interest Private Financial Institutions: Saver Deposits money into the bank Gives loan To borrower Bank Gives Saver Interest in Return *Remember: the bank is a business!* Borrower pays Bank back + interest Borrower
Complete the Processing Activity on your own. Private Financial Institutions: Complete the Processing Activity on your own.