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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

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Financial Institutions Organizer Continued


Directions: Describe the provided characteristics for comparing financial institutions
Services offered

Safety

Convenience

Fees and charges

Restrictions

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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

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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

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Summer 2010

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Very Important Business Terms Activity Continued


Endorsement

Federal Deposit Insurance


Corporation (FDIC)

Joint account

Outstanding checks

Payee

Signature card

Stop payment order

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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

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Summer 2010

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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

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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?
___________________________________________________________________
___________________________________________________________________

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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.

6200/6600 Principles of Business and Finance

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
400 Jefferson Street
Hayes, NC 23422-0400
________________________________________________
:1914110197: 2321233

6200/6600 Principles of Business and Finance

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
400 Jefferson Street
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

6200/6600 Principles of Business and Finance

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

$_______________

6200/6600 Principles of Business and Finance

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?
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________

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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?

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