1. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 1 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona You will learn about different accounts available at depository institutions What is a depository institution? Give an example of one.

2. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 2 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Journal Match the words with the definitions _____ 1. A business that offers and sells financial services to people. _____ 2. The most common type of depository institution. _____ 3. Money put into an account. _____ 4. Money taken out of an account. A. Deposit B. Depository Institution C. Withdraw D. Commercial Bank

3. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 3 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona You will complete an assessment on Checking accounts Get a handout from the front of the room. Complete it.

4. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 4 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona You will finish your assessment on Savings tools _____ 13. Savings Account _____ _____ 14. Money Market Deposit Account _____ _____ 15. Certificate of Deposit (CD) _____ A. Can withdraw money through an unlimited number of transactions each month. B. If money is withdrawn early, the owner must pay a penalty fee. C. Money must remain in this tool for a specific period of time. D. Using checks or a debit card are two ways money can be withdrawn. E. The account usually requires more money than a savings account to open. F. This account pays the least amount of interest.

5. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 5 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Journal What grade do you think you got on your assessment? What could Mrs. Cox have done to make this assignment easier for you to complete?

6. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 6 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona You will review for a quiz on depository institutions tomorrow 1. A checking account is a very common type of account that offers safety and convenience. 2. Most checking accounts do not pay interest. 3. Checks and debit cards can be used to withdraw funds or make purchases from a checking account. 4. An individual can “bounce a check” if he/she has sufficient funds in a checking account. 5. Using a PIN (Personal Identification Number) is optional when using a debit card. 6. Check 21 allows individuals to bounce checks easily.

7. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 7 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona You will finish your assessment on checking accounts What do you have left to do on your poster? How can you make sure it’s done today?

8. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 8 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Journal What is a signature authorization card and why would you need to complete one?

9. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 9 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona You will learn how to write a check What is a check? How do you write one? https://www.youtube.com/watch?v=69Zq0giUv IU

10. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 10 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Checks 1. Southern Middle School for 20 for a pe uniform 2. Walmart for 107.85 for groceries 3. 12.24 to Verizon Wireless for a phone case 4. 150.59 to Foot Locker for shoes 5. 30.68 to Rainbow for clothes 6. 85.23 to Lens Crafters for glasses

11. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 11 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona You will learn about savings tools available at a depository institution Get a handout from the front of the room and complete it.

12. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 12 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona You will review for a quiz on depository institutions. Get a handout from the front of the room and complete it.

13. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 13 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona You will take a quiz on depository institutions. Get a handout from the front of the room and complete it.

14. 2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 14 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona When you are finished 1. Turn in your test 2. Get a yellow book. 3. Read pages 159-177 4. Complete “Words you Learned” (1-9).