1. What do the following words mean?  Real  Yen  Birr  Rupee  Bolivar  Riyal  Euro

2. Currency=Money  Real-Brazil  Yen- Japan  Birr- Ethiopia  Rupee- India  Bolivar- Venezuela Riyal- Saudi Arabia Euro- Spain, The Netherlands, Italy, Greece, France, Germany, Portugal

3. Banking

4. Banking:  Why use a checking account  Opening a checking account  Parts of a check  Writing dollar amounts  Write: check, deposit slip & check registry.  Banks vs. Credit Unions

5. Parts of a Check Mary Smith 218 Main St. Palatine, IL 60074

6. Parts of a check  1. Name:  Personal information of the account holder.  Name  Address  Phone Number

7.  2. Payee:  Person or company you are going to transfer the check to.  Person you are paying, store, person, bill etc.

8.  3. Written Amount:  The amount of money you are giving. Written in words.  Thirty-one  Fifty  NOT $31 or $50

9.  4. Memo:  Reason for paying this check or for additional information such as account number when paying bills.  Ex: Rent: Apt #3

10.  5. Date:  The day which you are paying the check:  10/12/07  October 12 th, 2007

11.  6. Numeric Amount:  The amount of money you are giving written in numbers.  $36.55  $123.78

12.  7. Routing Number:  Identification number of the Bank.  First set of numbers

13.  8. Checking Account Number:  Identification number of the owner’s checking account.  2 nd set of numbers.

14.  9: Check Number:  Identification number of check order.  Each check has a check number  Helps you keep track of each that is written  It is marked twice on a check: Bottom next to the checking account number and in the right corner near the date.

15.  10. Signature:  Name of checking account’s owner as signed on the signature card.  Line in the bottom right corner.

16. Name that Part! Mary Smith 218 Main St. Palatine, IL 60074

17. Deposit Slips 1.Date 2.Dollar (not checks only cash) 3.Coins 4.Check 5.Amount (ex. $75.47) 6.Several, Back 7.Total 8.Less Cash Received (money you want back) 9.Net Deposit

18. Writing Checks  Pen  Legibly (so you are able to read it without confusion)  Signature Card  Void

19. Check Registry

20. Check Register  Checkbook Register  Balance  Register  Check Number  Date  Description  Amount of Payment  Balance  Check Mark  Reconciliation

21. Review  Opening a Checking Account:  How many forms of ID are needed?  Parts of a Check

22. Deposit Slip  Deposit:  What can you deposit?  When do you sign a deposit slip?  What does less cash received mean?  If you have many checks to deposit what do you do?

23. Check Register  Why do you need a check register?

24. Type of transactions to record in registry  ATM  Debit Card  Check  Deposit  Fee’s

25. Reconciliation  Use bank statement to check all transactions made for the month.  Bank statement: sent to you every month tells you how you spent money throughout the month.