Objective 4.02 Handouts

Name: ______________________
Class: _______
Date: _______
Financial Institutions Organizer

Directions: Compare depository and non-depository institutions by completing the
provided Venn diagram.
Depository Institutions
6200/6600 Principles of Business and Finance
Non-Depository Institutions
Summer 2010
Page 256
Financial Institutions Organizer Continued

Directions: Describe the provided characteristics for comparing financial institutions
Services offered
Safety
Convenience
Fees and charges
Restrictions
Summer 2010
Page 257
Name: ______________________
Class: _______
Date: _______
Very Important Business Terms Activity

Directions: In the right-hand column below, describe why the terms listed in the lefthand column are important to financial institutions and services.
Very Important Business Terms

Financial institutions
Commercial bank
Why the term is important to the topic:

Example:
Commercial banks provide a variety of services;
therefore, they can serve individuals and
businesses. Banks that offer full services may
have specialized departments that process loans
and real estate activities.
Deposit institutions
Non-deposit intermediaries
Summer 2010
Page 258
Very Important Business Terms Activity Continued

Services of financial institutions
Bank reconciliation
Bank statement
Check register
Debit card
Deposit slip
Drawee
Drawer
Summer 2010
Page 259
Very Important Business Terms Activity Continued

Endorsement
Federal Deposit Insurance

Corporation (FDIC)
Joint account
Outstanding checks
Payee
Signature card
Stop payment order
Summer 2010
Page 260
Name: ______________________
Class: _______
Date: _______
Types of Financial Services Activity

Directions: As a group:
FIRST: select one financial service offered by financial institutions.
SECOND: complete research on the selected service by using the textbook, the
Internet, and other resources. Your research should include a description of the service
and examples, as possible.
THIRD: summarize the information and prepare a presentation, which could be a
PowerPoint or any other visual aid.
Types of financial services:

1. Savings services
2. Payment services
3. Lending services
4. Electronic banking
5. Storing of valuables
6. Investment advice
7. Trust management
Summer 2010
Page 261
Name: ______________________
Class: _______
Date: _______
Whats at Your Financial Institution Activity

Directions: Interview a financial institution representative to complete the requested
items.
Name of Bank/Financial Institution
_____________________________________
Location
____________________________________
Name of person interviewed
_____________________________________
Contact information
_____________________________________
______________________________________________________________________
______________________________________________________________________
Types of
business
accounts
Regular
Checking
Minimum
balance
Interest
rate
Service
charges
Fees for
other
services
Other
restrictions
Interest earning
checking
Special checking
Summer 2010
Page 262
Name: ______________________
Class: _______
Date: _______
Checking Account Organizer

Directions: Provide responses for listed items.
Describe the process of opening a checking account
The first deposit
Types of endorsements
Describe the process of using a checking account

Check-writing procedures
What is bank reconciliation?

______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
What is an outstanding check?
___________________________________________________________________
___________________________________________________________________
Summer 2010
Page 263
Name: ______________________
Class: _______
Date: _______
Anatomy of a Check Activity

Directions: Identify the parts of the check and the order for completing a check.
Summer 2010
Page 264
Name: ______________________
Class: _______
Date: _______
Practicing Writing Checks Activity

Directions: You are authorized to sign checks for Bests Burgers. Write checks for the
provided transactions which occurred during April of this year. Be sure to complete the
check register too. The beginning balance is $1,577.89.
April 3
April 10
April 15
Check number 324 to Adams Realty for April store rent, $400
Check number 325 to Graham Wholesale Supply for meat, $745.86
Check number 326 to Carolina Power and Light for electric bill, $234.56
1-19
BESTS BURGERS
321 Main Street
Hayes NC 23422-9321
No. 1
1942
Date _________________20________
PAY TO THE
ORDER OF _____________________________________________________________________ $ ___________
______________________________________________________________________________________DOLLAR
S
PEOPLES BANK
400 Jefferson Street
Hayes, NC 23422-0400
________________________________________________
:1914110197: 2321233
1-19
BESTS BURGERS
321 Main Street
Hayes NC 23422-9321
No. 1
1942
Date _________________20________
PAY TO THE
ORDER OF _____________________________________________________________________ $ __________
______________________________________________________________________________________DOLLAR
S
PEOPLES BANK
Hayes, NC 23422-0400
________________________________________________
:1914110197: 2321233
Summer 2010
Page 266
Practicing Writing Checks Activity Continued

1-19
BESTS BURGERS
321 Main Street
Hayes NC 23422-9321
No. 1
1942
Date _________________20________
PAY TO THE
ORDER OF _____________________________________________________________________ $ ___________
______________________________________________________________________________________DOLLAR
S
PEOPLES BANK
Hayes, NC 23422-0400
________________________________________________
:1914110197: 2321233
NUMBER
DATE
DESCRIPTION OF
TRANSACTION
PAYMENT/DEBIT
(-)
FEE
(IF
ANY)
(-)
DEPOSIT/
CREDIT
(+)
BALANCE
TO
FOR
TO
FOR
TO
FOR.
TO .
FOR
TO
FOR
Summer 2010
Page 267
Name: ______________________
Class: _______
Date: _______
Bank Reconciliation Activity

Directions: Use the provided scenario and reconcile the checking account.
Marcus Johnston received his bank statement. After comparing the bank statement to
his check register, Marcus discovered that he had four outstanding checks:
# 142 $127.50
# 156 $ 89.50
# 157 $134.00
# 160 $ 26.00
Marcus also noticed that he had a $40 ATM withdrawal which he had forgotten to record
and a deposit of $200 which was not on the bank statement. Also Marcus was charged
a service charge of $2.50. The balance in Marcus check register is $4,379.92 and the
balance on the bank statement is $4,514.42. Reconcile the bank statement.
BANK STATEMENT RECONCILIATION
BALANCE ON
BANK STATEMENT
ADD DEPOSITS
NOT ON
STATEMENT
$
$______________
$______________
BALANCE IN
CHECK REGISTER
ADD DEPOSITS
NOT ALREADY IN
YOUR CHECK
REGISTER
$______________
TOTAL
$______________
SUBTRACT
CHECKS ISSUED
BUT NOT ON
STATEMENT
Check # _________
Check # _________
Check # _________
Check # _________
$
$______________
$______________
$______________
TOTAL
$______________
SUBTRACT
SERVICE
CHARGES AND
PAYMENTS NOT IN
CHECK REGISTER
$______________
$______________
$______________
$______________
Desc. __________
Desc. __________
Desc. __________
Desc. __________
$_______________
$_______________
$_______________
$_______________
Total
$______________
Total
$_______________
Balance
$______________
Balance
$_______________
Summer 2010
Page 270
Name: ______________________
Class: _______
Date: _______
Federal Reserve Graphic Organizer

Directions: Have you ever wondered how money flows around the United States and
the world? In this activity, you will research and summarize what the Federal Reserve
(sometimes called the Fed) does. If needed, use additional paper.
What is the Federal Reserve System?
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
Why does it exist?
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
Who participates?
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
How is it organized?
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
What services are provided by the Federal Reserve System?
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
Summer 2010
Page 272
Name: ______________________
Class: _______
Date: _______
Current Events for the Federal Reserve System Activity

Directions: Locate a current event related to the Federal Reserve System, and then
summarize the event so that it will include all the information below. You may use the
Internet, a newspaper, or a magazine.
1.
2.
3.
4.
Summary content:
Provide a link to (or cite) the article
Summarize the main points in two paragraphs.
Summarize the implications of the article (i.e. What are the implications to the
Federal Reserve System, the United States economy, or the world?)
What is your opinion on the article?
Summer 2010
Page 273

Objective 4.02 Handouts

Încărcat de

Informații document

Descriere originală:

Drepturi de autor

Formate disponibile

Partajați acest document

Partajați sau inserați document

Opțiuni de partajare

Vi se pare util acest document?

Este necorespunzător acest conținut?

Drepturi de autor:

Formate disponibile

Objective 4.02 Handouts

Încărcat de

Drepturi de autor:

Formate disponibile

Name: ______________________

Financial Institutions Organizer

6200/6600 Principles of Business and Finance

Financial Institutions Organizer Continued

Fees and charges

6200/6600 Principles of Business and Finance

Very Important Business Terms Activity

Very Important Business Terms

Why the term is important to the topic:

6200/6600 Principles of Business and Finance

Very Important Business Terms Activity Continued

6200/6600 Principles of Business and Finance

Very Important Business Terms Activity Continued

Federal Deposit Insurance

Stop payment order

6200/6600 Principles of Business and Finance

Types of Financial Services Activity

Types of financial services:

6200/6600 Principles of Business and Finance

Whats at Your Financial Institution Activity

6200/6600 Principles of Business and Finance

Checking Account Organizer

Describe the process of using a checking account

What is bank reconciliation?

6200/6600 Principles of Business and Finance

Anatomy of a Check Activity

6200/6600 Principles of Business and Finance

Practicing Writing Checks Activity

6200/6600 Principles of Business and Finance

Practicing Writing Checks Activity Continued

6200/6600 Principles of Business and Finance

Bank Reconciliation Activity

6200/6600 Principles of Business and Finance

Federal Reserve Graphic Organizer

6200/6600 Principles of Business and Finance

Current Events for the Federal Reserve System Activity

6200/6600 Principles of Business and Finance

S-ar putea să vă placă și