Title: Examine the services provided by financial institutions.
Course: GRADS: Family Focus (19905-18) > Section: Managing Economic Resources and Expenditures

Examination should include

- types of financial institutions
- types of available services (e.g., checking and savings accounts, retirement accounts, loans, mortgages, investments)
- payday lending operations
- cost of maintaining accounts
- interest on accounts
- available monthly statement information
- minimum balance
- additional services with accounts.

Process/Skill Questions

Thinking

- If you are unable to keep a minimum balance in your checking account, which type of account should you use?
- How can using checks be a way to keep a record of your spending habits?

Communication

- What bank employees can help you understand costs and interest associated with savings and checking accounts, debit cards, and online banking?
- What kinds of additional services can be obtained with savings and checking accounts?

Leadership

- How can you determine which banks offer the best savings and checking options?

Management

- What are the features of a minimum-balance account, a budget account, and an interest-bearing checking account?