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Depository Institutions Take Charge of Your Finances 1.7.3
Depository Institutions (Most commonly known as “banks”) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Depository Institutions
[object Object],Federal Reserve Bank
Federal Reserve Bank ,[object Object]
Life of a Deposited Check
Depository Institutions ,[object Object],[object Object],[object Object]
Commercial Bank ,[object Object],[object Object],[object Object],[object Object],[object Object]
Credit Union ,[object Object],[object Object],[object Object],[object Object]
Savings and Loan Association (S&Ls) ,[object Object],[object Object],[object Object],[object Object]
Types of Insurance ,[object Object],[object Object],[object Object],[object Object],[object Object]
Insurance Protection ,[object Object],[object Object],[object Object],[object Object],[object Object]
Interest ,[object Object],[object Object],Type of account Interest rate Impact on the consumer Interest bearing -  money earned from an investment instrument High More money earned by the consumer Low Less money earned Interest bearing -  the charge for money that a consumer borrows from a depository institution High More money paid by the consumer Low Less money paid Credit unions typically offer rates which have the most positive impact on the consumer
Depository Institution Services
Common Services Offered
Interest Bearing Accounts
Interest Bearing Accounts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Additional Services Which May Be Offered ,[object Object],[object Object],[object Object],[object Object]
Conclusion and Review

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Depository institutions 1.7.3.g1

Editor's Notes

  1. This is what the power point presentation will cover to give the students an idea of the topics.