Business Administration & Management Mr. Bernstein Services Banks Provide to Businesses, pp 454-462 May 18, 2015.

Slides:



Advertisements
Similar presentations
Section 5.1: Selecting Financial Services and Institutions
Advertisements

Types of retail/business banking products and services 1.06 Acquire knowledge of retail/business banking processes and services to facilitate workplace.
 Chase Banking Maci Lemons. Getting Started  All you need to get started is a bank account with Chase  You can download the app on your smartphone.
Personal Financial Management
17-1.  The Federal Reserve system-is a bank for banks  You cannot personally open an account  Federal reserve system- set up by the government to supervise.
Bank On It Personal Finance Unit. Why Learn About Banking?
 How to Manage Your Cash › Daily Cash Needs  Lunch, movies, gas, or paying for other activities  Carry cash  Go to an ATM  Credit Card  Know pros.
Personal Finance.  Four common Financial Institutions  Commercial banks  Savings and loan associations (S&Ls)  Credit Unions  Brokerage Firms.
Financial Literacy Class 2: Net Worth and Banking.
Banking products and operations. withdrawal A withdrawal in a bank / withdraw money = to take money out of a bank account.
PART 2: MANAGING YOUR MONEY Chapter 5 Cash or Liquid Asset Management.
 Safety  Security  Convenience  Cost  Financial Future.
1.7.3.G1 © Family Economics & Financial Education – Revised March 2008 – Financial Institutions Unit – Depository Institutions Funded by a grant from Take.
© 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
© South-Western Educational Publishing Chapter 9 Checking Accounts and Other Banking Services  Checking Accounts  Other Banking Services and Fees.
Chapter 4 In-Class Notes. Background on Money Management Money management: describes the decisions you make over a short-term period regarding income.
Oklahoma’s Personal Financial Literacy Passport
Financial Literacy Vocabulary Terms How is money used in society? How do I pay for goods and services? How do I keep track of my saving and spending? 1.
Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Banking Services and Fees 9.
The Last Word: Ch 10 Review due next Tuesday; quiz next Tuesday.
Seminar: Timely Topics for Today’s Business World Mr. Bernstein Banking February 23-24, 2014.
Stock Market Analysis and Personal Finance Mr. Bernstein Personal Financial Statement, pp February 19, 2015.
Chapter 10 Money and Banking.
Stock Market Analysis and Personal Finance Mr. Bernstein Sources of Consumer Credit, pp March 12, 2013.
AP Economics Mr. Bernstein Sources of Consumer Credit June 2015.
© 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
The National Banking System National Bank Requirements Set up in 1863 Use National or N.A. in its name Pass stiff inspections by the Comptroller of the.
© 2008 Thomson South-Western CHAPTER 4 MANAGING YOUR CASH AND SAVINGS.
Unit 5 Your Money: Keeping it Safe and Secure Info from: NEFE High School Financial Planning Program.
Chapter 11.1 notes. Saving Saving = not spending $ Investment – use of income today for a future benefit.
1 Hello. What will we learn today? What will we learn today? Describe the functions of financial markets Unit: Money and Banking Day 2 What have.
Unit 5: Personal Finance Services of the Bank  Place to store your money safely – an Account.
Stock Market Analysis and Personal Finance Mr. Bernstein Sources of Consumer Credit, pp April 1, 2015.
Stock Market Analysis and Personal Finance Mr. Bernstein Banking, pp March 8, 2013.
Banking. Checking Account With a checking account… Write a check ATM Card Debit Card.
Banking Final Exam Review. The 5 characteristics of money are.
Financial Institutions Trivia Newell. Characteristics of private financial institutions include all the following EXCEPT- a) Mint money for loans b) Include.
FINANCIAL SERVICES AND INSTITUTIONS. Financial Services  Services offered by banks and other financial institutions 1. Savings and Investment 2. Payment.
FINANCIAL SERVICES AND INSTITUTIONS. Financial Services  Services offered by banks and other financial institutions 1. Savings and Investment 2. Payment.
Comparing financial institutions. Credit Unions A cooperative financial institution that is owned and controlled by its members and operated solely to.
September 7 & 8, Objectives  Compare financial institutions and services available.  Determine how to develop a relationship with a financial.
7.02 Evaluate ways that commercial banks can assist consumers with money management. Principles of Business 2006.
Do Now In a few sentences, describe the barter system. What are its advantages and disadvantages? If you had to function within a barter system, what would.
Section 5.1 Financial Services and Institutions
* Do you have a checking account or credit card that you pay for? Do you know how to manage a checking account or credit card? * Please put your responses.
Topic 5: Tracking Your Money Wealth Management Mrs. Tobe.
Managing Your Money Chapter 23.
Copyright © 2009–2011 National Academy Foundation. All rights reserved. Unit 1, Lesson 2 Financial Services Industry AOF Principles of Finance.
Chapter 17 Financial Services 1 ©2008 Thomson/South-Western.
©2013 Cengage Learning. All Rights Reserved. Business Management, 13e Financial Services Financial Institutions Common Financial Services.
Personal Finance April 17, Money Management  Everyone must make choices about what to do with their income, including you  Income is money earned.
Brokerage Firms 401K’s, IRA’s, Mutual Funds. Banks vs. Brokerage Firms Brokerage Firm Specialize in accounts for stocks, bonds, mutual funds Banks Offer.
Essential Standard 4.00 Understand the role of finance in business.
PERSONAL FINANCE PERSONAL BANKING BY MR. BROWN. TOPICS Bank Accounts Check Writing ACH Transfers vs. Wire Transfers Bank Fees FDIC Debit Cards vs. Credit.
Fri. 4/15. Ch. 10 Money and Banking 10.3 Notes “Banking Today”
Money and Financial Institutions CHAPTER 12 YAYYYY!! NOTES NOTES NOTES!
The Role of the Consumer n Consumer purchases drive the economy –GDP=C+G+Ig+Xn –C=two thirds of GDP n Savings –Ig=Business spending comes from business.
Final Exam Review Unit 4: Personal Finance. 1. What are debit cards used to do? withdrawing money from a checking account from an ATM making an automatic.
Key Learning: Financial responsibility includes setting goals and developing a plan for how to earn, save, spend, and invest financial resources. Unit.

Understand the banking system.
*No Checking Account Payday Loans* Gain Advance Cash to Meet Your Financial Woes
Consumers, Savers, Investors
Chapter 10 Consumer Education.
Financial Institutions
Numbers In the U.S. Over 11,000 banks
Money Management Grand total: $, Retirement total: $, Retirement
Banking and the U.S..
Topics Classification of financial institutions
Banking Chapter 5.
Presentation transcript:

Business Administration & Management Mr. Bernstein Services Banks Provide to Businesses, pp May 18, 2015

Business Administration & Management Mr. Bernstein Services Offered by Banks Savings and Checking accounts Safe Deposit Boxes Automated Bill Paying Investment Products, from CDs to Mutual Funds Payroll and Tax Preparation Service Accounting Software Mortgages Credit Cards Insurance Products Loans 2

Business Administration & Management Mr. Bernstein Types of Loans Term Loans Secured (Collateralized) Loans Lines of Credit Lease Financing Floating Rate Loans SBA Loans (Small Businesses only) 3

Business Administration & Management Mr. Bernstein Types of Loans Why Floaters? 10-Year US Treasury Notes 4