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;13.19.Given a series of statements regardingGiven a list of possible concerns in choosingspecial information ,Oates, name spellings,a savilys ,institution, the student will selectetc.) related to endorsing and writingthe fur that are considered to be the mostbasic, checks, the student will identify the,),Astatements that are correct and those that2U,are not.Given a ,ist of types of savings institutionsand the name of a savings insurance agency,14.Given a list of'possible factors in cashingthe student will select the types of savings,institutions insured by toe agency.checks where one is unknown, the student willselect those that are most important. \,,21,15.savings institution, the ftudent will chooseGiven several alternative outlines of theprocedure for stopping payment of a check,Given a list tif bookkeepi6g methods used bythe one which yields the Oetest,financialtbenefit.the student will select those that are mostimportant.22.16.Givenappropriateif ona bank statement, the student willGiven a list of the foumajor types of savingsaccounts, a list of savings account character-figures and information asistics, and a question relating the two lists,'the student will select from the proper listbalance the account.the required respone.17,Given a situation involving the choice of onekind of savings account over others and a list23,Given a question about the proper use of bankingof appropriate alternatives, the student willforms and a list'of appropriate alternatives,select the correct response.the student will select the correct responsefor the list.18.Given a series of statdents related to secondarybenefits of saving, tulle student will identifythose called the two primary vbonuses.'24.Given a password and several alternatives, thestudent will identify the definition of thepassword.

ResourcesActi.vifiesGenerolizofiQns1"-N,knowledge of the,,pur-AdMinister You Can Bank On It! test as* TestTeacher, PALpose'and fgctions ofA bank in a.free.enterprise society is im-Utilize an audio-visual approach to define banking andportant for modernbanking serVices, IBankin1mm film -.Fi)m,#1)GconSumers.hurchill FilmsCuide.,The ttrja BookTFO-ok )'Xerox Publications You and Your Communqifti-Media kit)muaThe NOW CorporationDiltuss the evolution of banks as a social irtstitutio) --* Student PAL, pp. 3-6thateven before the invention 'of coins, the business ofmoney-lending and holding of valuables for people flourished.Banking in' Action,(16 mm (1W-7-Florida Bankers Assn,Discuss the services and functions of a bank.Banking:No Limitto DimensionsInclude!716the bank's role ih the general-economyanking services offered-FilmGuide #2).Florida Bankers Assn.tosts of servicesnumber of servicescareer opportunities in bankingf* Transparency Master #1Teacher PAL

ResourcesAc iviiiesAGenerializaliOnsOa4bequest that the classPlan a f eld trip -to a local bank.5.rstep in the loCal bankingbe allo ed to observe eachh steption.71IArrange h., bulletin board display of ads ancipromotipak6. Lotal newspapers,devices used by local banks,4stAssign an individual or groups of students to research and7.report on:,1 Agencies regulatift,p,Federal, Reservebankingat Work,:(pamPhletlfFeder 1 Reserve Bank-o010mondThe Federal Reryrgiiit How Banks Create'1Money t.1'6F-%-a.L.Now the Clearinghouse'Works Now tqarx and FiscaPolicies WorkOtudenractivity'masters packets)Federal Reserve Bankof Minneapolis The Federal ReserveToday(pamphlet)Federal Reserve Bankof Atlanta

Respurcu, Your Insured depositpamphletFederal DepositInsurance Corporation,Types of local bulks;"Services and Charger,pamphlets' from localthe services, and costs of eachbanks Bank Services andFunctions1Student activitymaster packet)Federal les'erve Bankof MinneapolisLocal bankerCareer opportunities in banking.e Is a Career inBanking for VOU?(16 mm film - FilmGuide #3)Counselor Fil SteInc.into'BankingFlorida Bankers Assn.'Individual research topicsConsumer EducationTeach ng uniti)The Sun Banks ofFlorida, Inc: How ,Our Bank HelpsNO-Our CitimpManufacturers HanoverTryst

IUActivitiesGeneralizationsResourcesKCareer Awareness,Unit111(inds ofMoney"(filmstrip)Scott EducationYour Money, and theFederal. ReserveSystem(booklet)Federal ,Reserve Bankof Mimi polis8.Suggest that students prepare bank commeftials for both TVand radio.Videotape" and /or tape commercials.

giglapoodel Aged&441.2*, Student PAL, pp. .7-14utilizeWHAT ARE CHECKS?the fact that checks'Discuss' the purpose Of a sheCking account, includingrepresent cash on deposit., Checkpoints: 'How toWrite and Use Checkspamphlet)Federal Reserve Bankof BostonPersonal, Checking Accounts(student packet)Unigraph Products. A PlAce to lesi. Your !LiftAUnitOnWkin9,TiliTmedfakit)Grolier Eficational Corp.* Transparency Master i23,Survey bank advertising:Teacher RAI:,checking accountCo1ect examples of advertisementi offeringservices.Nave,students write Overtivements to encourageSuggest that students stress theopening checking accounts,benefits.Acheck,for the'bUll4.' Have a, committee pregre,o lar e,sioUtilize.the cheoil4rotighout the ,study5.Prepare a bulletihAeard displayerTransparency Master #3in board.Teacher PALZ'of 5yetaqCht'ck:s1' ,Cattier's Check,, Certt,fted CheckOrjar,*1rAvelfr's CheckDiscuss the characteristic's of each,30Local bank check specimens

IItResourcesAclivities6.* Transparency Master #4,Display or ltst each type of special check and ask students to give examplesTeacher PALof situations 'in which each type ofach'eck would be mostappropriate,Utilize2.IS A CHECKING ACCOUNT FOR MCI* Student PAL, pp. 15-18* Student Activity Sheet #1Develop a CheAlist to.use for selecting a bank .in which to open a checkingaccount,Teacher PALInc140e such questions as:WHAT ARE THE SERVICES OFFERED?WHAT SERVICE FEES ARE CHARGED?IS THE BANK COVERED BY FDIC?IS THE BANK CONVENIENTLY LOCATED?HOW WELL IS THE BANK KNOWN?WHAT TYPES OF ACCOUNTS ARE AVAILABLE?ARE THE EMPLOYEES HELPFUL AND FRIENDLY?Discuss methods for answering these questions.Note that some of thequestions may be answered by telephone survey or observati9n, whileothers may require a personal visit or a survey of the bank's customers.Emphasize that the importance of the answers to each question vary wftt, 4'11the consumer.4.'Discuss personal needs as an important.conSideration in the choosing ofthe proper type of checking account,u(ji, 7 Include:.9''',Account Activity (how many deposits will be made, how many checkswritten)hlante (how much must be kept in the account)4Checks (types availab e, cost of checks)Charges (Service chges for maintaining aoun4

Resourceskiivifies4.Have students collect "ServicesAnd.Charges"brochures from local banks.Suggest that students evaluate several of these bankstheir own individual,accounts,','appropriate for4,USING MCHECKING ACC6UNT1.Utilize2.Utilize an audio-visual approach to 6(plore the history, significance,*Student PAL, pp. 19-40, Paying.K Checkstory of a Checkand function of checking accounts and to illustrate how the theckiNg24 Hours in the Lifesystem works.Checkofm'mirriTms)Florida Bankirs 'Assn, 3. 'Discuss the items necessary to open a personal checking account:Personal ecki9 Accounts,TTiFiTngUnigraph Prothiasa signature carda deposita deposit Slip4,. Have students practice completing a,signature cd and a depo it slip.Emphasize the need for each and the importance of accuracy.5.BankIllustrat4the 'check-writing procesS as a two-part process, each partan.Bankthi Services(multi4consisting of 5 steps.Changing TilosEmphasize thelIorportance of completing the check register or stub first.ducationService.Checking Accounts and flow toUse Them, Tape8 - MoneyManagement,(cassette and transparencies,1P34;13Paul S:Amidon'

,'Activities.Resourceso* Student Act5ity Sheet #2PraCtice writing sample checks.Teacher PAL* Transparency Master #5.Illustrate the four basic types :of endorsements.7Teacher' PAL8.ASk students to describe situati.ons.appropriate for each type of endorsement,9Listithe requireMents for cashing a check, and discuss the fact that theserequirements are often thought .of as one disadvantage of using checks.* Transparency Master #6Teacher PALEmphasize that the requirements for identity and acceptability are the reasops'one may need "speciaNhecks", in certain situations.10. 'List .the situations,,n which it may be necessary, toEmphasize the importance of the Stop PaymehtStop Payment" on a check.ordOrwrittenform and thateven if the bank has been contacted by phone, the written form is a late:ment.r1;qiiizeTHE BALANCING ACTObtain and duplicate a sample banklt*ment and discuss each section withthetl.3s.List Vh ich items in both the deck regilteri and bank-statement may need tobe adjusted to make an account "balance."vInclude: Irvice .chargesOutstanding checks1leposits which-have not beenlecorded0Verdrafts.Errors in comPutation* Student. PAL, pp. 41-50

IIResourcesAcliviiie9.Discuss the mepods for reconciling a4'.r.Abotlt OCeckflij.Acc9untsbank statement and a checkbook.:,WailphletiChaming L. Bete Co.Bankin9,IS:(student booklets).Nationalleamng Production!,1Inc.4 ' Environmental SurvivalSkills',"Money and§Tig"(teachingitinit)You and Your CemmuniyBankReconcilemeW(transparency)The NOW Corporation1.UtilizeIs A SAVINGS gCOOT FOR NIL ?* Student PAL, pp. 5144,* Transparency Master #7')Discuss reasons for saving.Teacher PAL3.Write ten to fifteen quotesout saving on colored construction paper anddisplay on a bulletin board.Utilize both serious and humorous examples.Invite students to add to the list.38,I15,*

ResourcesActivities Money Mana ement, SavingInterpivt quotations about savings,UnitExamples'1ServiceFIST,TH GOALS AND. A PLAN.SAVING BEGINSEY MAKES MON Y AND THE,MONEY THAT MONEY MAKES, MAKES MORE MONEY.M6.1i* Transparency Master #8Discuss goals as a factor in saving.,Teacher PALInclude short-term and long-term iols,6.Quota of Quotes':Changingiimes EducationA PENNY SAVED IS A PENNY EARNED.PAY YOURSELF-Short-term:a shirt, a new setf tires, a special date, etc.Long-term:education, a hoinvestments, etc.'Develop a list of short- and/long- term studentneedsDetermine how much would have to. be saved per week to achieve one or more ofthese needs.7.Discuss the fact that goals change Oh age and lifestyle.Make a chalkboard list of saving gots for teens, young adults, newly married* Transparency Master #9Teacher PALcobbles, growing families, retired persons.orDist savings goals and classify., them according to which group or groups wouldhave suCh goals.EL Discuss opinions on'saving:SOME PERSONS ARE POSSESSED WITH THE NEED TO SAVE.OTHERS SAY LIVE IT UP BECAUSE THE OLD REASONS FORSAVING NO LONGER APPLY.WHO If RIGHT?9.Rate reasons for saving.asons for saving and ask the studentsPrepare a class list often to tWto rank-order the list'individuly.Discuss whether the rankings will be the so,Why?I4041

Activities'1.Utilize(USING A SAVINGS ACCOUNTHold aiclass discussion on s(vings.Include such questions as:HOW-,DO ATTITUDESINFLUENCE THE HABIT OF SAVING?WHAT OTHER FACTORS ,INFLUENCE THE AMOUNT AN INDIVIDUAL OR FAMILY MAY SAVE?SKULD EVERYONE SAVE PART OF HIS INCOME?IS IT POSSIBLE FOR A VERY LOW INCOME FAMILY TO SAVE?3.List ways in which a saving account works for the saver.Include:. Afeeling of securityReaching your goalsImproving credit ratingAdds to income (interest earned)Discuss the criteria for choosing a savings institution:Why is safety usually put first and earnings second?What is meant by liquidity?In what circumstances might liquidity be important?How does purpose affect the choice of a savings institution?.5.List the types of savings institutions available and discuss the advantagesof each.Commercial banksSavings and loan associatjonSMutual savings banksCredit unions6.Ask a group of students to check interest rates paid by local savingsCompare the difference in annual earnings for variousinstitutions.amounts on deposit.1742

ResourcesAcfivifies.7.Inte speakers from local savings andoloan associationcommercial banks,Local resource personsanekredit unions to speak to.the class.Request that speakers cover:How consumers are servedSources and use of incomeRegulationsHow accounts are insuredMethods of computing interestBanking forms such as certificates of deposit8.Invite a consumer protection agency investigator or representative tfbLocal resource personspeak on current forms of financial frauds to guard against.9.Emphasize the importance of the bookkeeping method used in computing andcrediting interest to an account:THERE ARE AT LEAST FIFTY-FOUR DIFFERENT WAYS TO COMPUTEINTEREST ON A SAVINGS ACCOUNT,* Studrt Activity Sheet #3FOUR PRINCIPAL METHODS:FIFO (FIRST IN, FIRST GUT)Teacher PALLOW BALANCE (OR HIGHEST CONTINUOUS BALANCE)LIFO (LAST IN, FIRST OUT)DD/DW (DAY OF DEPOSIT TO DAY OF WITHDRAWAL)LDEPOSITS MADE AS LATE AS THE 10TH (OR INGRACE DAYSSOME CASES THE 20TH) DAY OF ANY INTERESTPERIOD WILL BE PAD INTEREST, FOR THE ENTIRE4pIOD10. 'Compile a fact sheet to compare or rate different savings plans on thebasis of- interest paid, services offered, and degree of risk involved,11.Compare three of the basic types of savings accounts or plans:Passbook savings44aSavingi.certifiCates)U.S. Savings Bonds(14.r.

ResourcesAdivities.Disc9's the division of savings into more'than one type of account when1possible."Put your raipy-dai dollars where you can get at them whenthe first dropkfall."This usually means a passbook account.Certi icates of Deposit sacrifice interest if withdrawn beforematu13.ty.Stress the value of "forced" savings for those who find it diffiiplt toOptionslvailable include payroll deductions and automaticsave.transfer of funds.14 %CharacterizeAe"Perfect". Savings Account as the account with:DAY-OF-DEPOSIT TO DAY-OF-WITHDRAWAL FORMULA,DAILY' COMPOUNDING AND CREDITING OF INTERESTNO WITHDRAWAL PENALTIESMINIMUM BALANCE REGUIRED TO EARN INTERESTEmphasize that such an ideal account may not be available in 'every area.toThe consumer must determine how important each provision is accordingthe way he plans to use his account.15.Contrast the responsibilities of'the the king account customer pd thesavings account customer.All record-keeping and com utation is a service to the customer with a'savings account.,Emphasize the importance oremembering to have all transactions recordedin the passbook, however.ac19V

goview c personal bank-Compare the difference between a checking account and aing services in asavings account:free enterprisePurpose:society offer today'sA checking account is a convenient way to pay;helps keep track of moneyconsumer many valu-A savings account helps build up the money youable tools in thedon't spend right awaymanagement of hisPayment:personal finances.Checking--you pay the bank a service.chargeSavings --the bank pays you interest for theuse of your moneyRecords:Checking--three records/of spending:stubs orcheck register, monthly bank state-mentlind the cancelled chec sSavings'--only one record2.your pasookDiscuss that once a bank is chosen its services,should beused carefully and to the consumer's best advantage:Balance your checking account every time you(receive a statementUse computerization services available fromthe bankSave regulailyMaintairi passbook savingsPurchase Certificates of Deposit when you havethree to six months' income in a passbook'account3.Present research and report projects.* Introductory Activities#6 and #1Teacher PAL,(,9

VReource AclivifiesGeneralizations4.i.Make posters, diagrams or displays illustrating thefunctions ofbanking.y5.After students have mastered the technique of-checkwriting, set up a mock bank in the classroom and havethe students role play:"Opening checking accountsEndorsing and cashing checks written byother studentsStopping payment on checks46,.Arrange for a committee of students. to present a'bankingdisplay in the school media center.7. General BusinessPresent a skit on banking,Skits, "Banks andBaking Services"(booklet).-South-WesternPublishing Company8. Geneial BusinessPresent a skit on saving,Skits, "-g5iindInvesting Money"'(booklet)South- WesternPublishing Company9.'Have students prepare and present mini-lessons on variousbanking topics for other school groups.,Video-tape if 'feasible.10,Compose a list of Additional Banking Services and ,discusseach service.515021

22ResourcesGeneralizations11.Devise games and puzzles to review the vocabulary of* Student ActivitySheet #4banking,Teacher PAL12,Discuss:HOW CAN MY LOCAL BANK HELP ME-TODAY13.10 YEARS FROM NOW 20 YEARS FROM NOW?Review the student objectives for this module.* Student ActivitySheet #5Teacher PAL,14.Administer You Can Bank On It! test as a Pot-test,* Test0,Teacher PAL50,FJ3

moonAidoveno§/Federal Reserve,46 ofChanging Times Education, Service1729J, St.,nr,ashington, D.C.20006505 Sixth' Ave.Minneapolis55480MN1;The NOW CorporationChanging. '1. Bete ?CompanyFederal Reserve Bank" of45 Federal St.25177-St,' Albans', WV250 Marquette Ave.Minneapolis,,roductions, Inc.National Learning25177St, Albans, WV:RichmondGreenfield, MA 01301P.O. Box'366,ry). Box 27622Yi,chmondChurchill FilmsVAPaul S. Amidon and Associates, Inc.232611966 Ilenson Ave.662 North RobertSon Blvd.,Lon' Angeles,A90b6955116Sti Paul, MNFilm's, Inc,1144 Wilmette Ave,Wilmette, IL',600915 Lower Westfield RoadOlocUst St.YhiladelPhia, PAScott Education19103Holyoke, MAFlorida hankers Association":'01040341.Nilills Ave.Federal Deposit Insurance.Orlando, FLSoui,ii.Western'Publ ishing Company328035101 Madison Rd.,CorporationWashington I).C."20429845 Third 'Averiew York,' NY% t,%10022'I/Manufacturers HanoVer.Trust,104 Marietta St., NA,.:Atlanta? GAA0303Orlando, FL,3280T,0CompanyUnigraph Products350ark Ave,New York, Nt10022P.O,' Box 24287Sdattle,.WAFederal Reierve Bank of98124Mind, Inc.Boston1133,Avenue of the,Americas30 Pearl 510Boston; MA'The' Sun'Banks of Florida; Inc.200,S. Orange Ave.Federal Reserve Bank ofAtlanta'45227Cincinnati; OHGrolier Educational Corporation55017th St., N.W.',4106New York, NY10036Xerox Education PublicationsEducation CenterColumbus, OH432160J23

IISpetkikki kffilihrAMOUNT1The amount of money to be paid to the payee by the maker of a checkANNUALNide a yearAUTOMATIC TRANSFERThe regular transfer. of a certain, specifiecramount from one,account to another,. examples are insurance premium drafts andLoan paymentsNONCEThe amount of money available in an accountBANK.An establiShment for receiving, keeping, and lending moneyBANKRAFTBANK MONEY ORDERBANK STATEMENT-A check drawn by a'bank againSt funds deposited in another bankOfficial draft or check'sold to a custfor a feeA statement of thetank's: record of transactions in an accountto compute and cred?t ierest.to a savings accountBOOKKEEPINGMethod useCANCELL;CLEARED CHECK,A check that has been cashed by the payee, returned towhich it'CASHIER'S CHECKCASHLESS SOCIETYs on. itsowkfunds and signed by the CaShier;.a a Treasurer's CheckAn economy based on the transfer of money by computerexchange of,paperCERTIFIED CHECKbank uponwas written;.and paid to an ac

checking' accounts covers advantageS, disadvantages, and types of checking accounts, types of checks,procedures for opening a checking account, check writing, check endorsement, check cashing requirements, procedures for stopping payment, and procedures for 'balancing a checking account, The ,section on savings focuses on