1. Chapter 10 : Lesson 3 Banking Today

2. Essential Question: Why have so many different methods evolved for accessing money?

3. Credit Union: nonprofit service cooperative that accepts deposits, makes loans and provides other financial services

4. Corporation: form of business organization recognized by law as separate legal entity with all the rights and responsibilities of an individual
Such as the right to buy and sell property, enter into legal contracts, sue and be sued

5. Stock: certificate of ownership in a corporation

7. Shareholder: person who owns a shares of stock in a corporation

8. Certificates of Deposit (CDs): receipts showing that an investor has made an interest bearing loan to financial institution

10. Reserve Requirement: formula used to compute the amount of a depository institution’s required reserves

11. Review Question:
Chapter 10 : Lesson 3
Read pages and answer Review Questions on page 295. Hand in Google Class Room.