Banking Basics Megabyte Money Standards 1e 2c 3l 6a,b 8a,e.

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Presentation transcript:

Banking Basics Megabyte Money Standards 1e 2c 3l 6a,b 8a,e

Chapter 4: Get Smart About Megabyte Money How To Do Your Banking

High Tech Money What is the newest medium of exchange and what did it replace? What is e-commerce? What is EFT? Identify 3 things EFT enables you to do. Read page 11 and write answers to the questions above.

Examples of Megabyte Money What is an ATM? Identify 4 things that you can use an ATM to do. Identify 2 differences between a debit and a credit card. What is a stored value card? What basic banking tasks can be completed either online or over the telephone? What is online bill paying? Read “Examples of Megabyte Money” pages 12-13 and answer the questions above.

Check 21 Conversion In “the good old days” how did a check get from the place it was deposited to the financial institution that paid it? What is Check 21? What is a substitute check? Who may convert a paper check to a substitute check? After being converted to a substitute check, what happens to your paper check? Read “Check 21 Conversion” pages 13-14 and answer the questions above.

Electronic Check Conversion Who may convert a paper check to an electronic check? What information from a paper check is needed when converting to an electronic check? After being converted to an electronic check, what happens to your paper check? How does Check 21 differ from electronic check conversion? Read “Electronic Check Conversion” page 14 and answer the questions above. Submit answers to questions 1-17 to the appropriate location.

Check life cycle Watch the “The Checks in the Mail” The check's in the mail The check is in the mail And it ought to be there Tuesday without fail If you have got a bill to pay Or something you need to buy Just write the check and send it off in the mail

Check life cycle Either on your own or with 1 partner, create the life cycle of a check according to the following specifications: You may create the life cycle on the computer or by hand. See me for supplies if necessary. The life cycle must contain a title, your name(s), and the date. The life cycle must explain the 10 stages located at http://www.easternsavingsbank.com/Deposit%20Acco unts/Images/kcoct07.pdf in your own words. Each stage must also be numbered. The life cycle must contain a graphic and a directional arrow for each of the 10 stages. Print and/or submit the life cycle to the appropriate place.

Check life cycle rubric Criteria Points Possible Points Earned Contains a title, your name (s), and date 3 Each stage identified and numbered 10 Each stage thoroughly explained in your own words 20 Each stage contains 1 graphic Each stage contains a directional arrow Each stage has correct capitalization & spelling Penalty Points Excellence Points Total Points Numeric Grade

How to use an atm Read about using an ATM on page 15. Use Word to create a 1 page newsletter about ATMs according to the following specifications: The newsletter is formatted into 2 horizontally justified columns with a vertical line between them. The newsletter has a WordArt title at the top that spans both columns. All margins are 1”. The newsletter has 2 articles written in your own words and keyed in a 12 point font. The 1st article describes how to use an ATM and the 2nd article describes ATM safety/security issues. Each article has a title. The newsletter has no more than 2 graphics that use square or tight text wrapping. Your name and the date are keyed in a textbox with borders placed at the end of the newsletter. Print and submit newsletter to the appropriate place.

Atm newsletter check list 1. Margins are 1.0” 2. Title is related to topic 3. Title created with WordArt 4. Title across both columns 5. Newsletter formatted into 2 columns 6. Vertical line between columns 7. Paragraphs are justified 8. Paragraph point size = 12 9. 1st article describes how to use an ATM 10. 1st article has a title related to topic 11 . 2nd article describes ATM safety/security 12. 2nd article has a title related to topic 13. Text is not copied word for word from book 14. Contains no more than 2 graphics related to topic 15. Graphic text wrapping is square/tight 16. Textbox positioned at end of 2nd column 17. Textbox contains your name and date 18. Textbox has borders 19. Columns are balanced on the page 20. Grammar, punctuation, spelling, capitalization correct