Students calculate compound interest to identify benefits of saving in interest-bearing accounts. They learn the “rule of 72” and apply it to both investments and debt. They learn that there is a relationship between the level of risk for an investment and the potential reward or return on that investment.
In this lesson students practice comparing and evaluating various banking services, including checking and savings accounts, debit cards/ATM, and online banking. Perform the tasks associated with maintaining checking and savings accounts. Teaching Objectives: Understand the services offered by banks, savings and loans, and credit unions List some of the factors to consider when shopping for … Continue reading Banking Services – Comparing & Evaluating Financial Service Products
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 … Continue reading Finding Financial Services