Title: (Optional) Demonstrate the ability to manage an account in a financial institution.
Course: Family and Consumer Sciences Exploratory III (19251-6) > Section: Maximizing Consumer and Family Resources

Demonstration should include

- understanding basic terms (e.g., deposit, withdrawal, credit, debit)
- reading a bank statement
- calculating interest
- balancing a checkbook.

Process/Skill Questions:

Thinking

- What does it mean to reconcile an account? Why is reconciliation important to record keeping?
- How do you calculate interest on a financial account?
- What are the advantages of direct deposit?

Communication

- How do you interpret a bank statement?
- Why should you contact the financial institution when you detect a discrepancy in the account?

Leadership

- What are the consequences of writing a check without having sufficient funds?
- What personal qualities are needed to successfully manage a financial account?

Management

- How can devices assist with account management?
- How do you maintain a check register?