The student will learn about financial service providers.
Teaching Objectives:
- Identify the most common types of financial service providers.
- Explain the services offered by different financial institutions.
- Determine which kinds of financial services providers and services are appropriate for different situations.
- Weigh the costs and benefits of using financial services.
Standard 3: The student will describe the functions and uses of banks and other
financial service providers.
Suggested Grade Level
6th – 12th Grade
Lesson Excerpt:
“Financial service providers” is a term used to describe all of the different types of businesses similar to a bank. The world of money and banking has become extremely complex, primarily due to hi-tech opportunities. Using just one word “bank” or just “bank account” targets a specific kind of financial service provider and a specific kind of financial service. While banks are the most common type of financial service provider, they are only one part of the entire financial industry in the United States today.
