Describe and discuss financial institutions, and demonstrate how to manage personal financial accounts.
Students will evaluate saving methods and investment strategies.
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Explain the role of the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Association (NCUA).
Compare the roles of financial institutions and their services, such as banks, credit unions, investment or brokerage firms, insurance companies, and loan agencies.
Demonstrate how to manage checking/debit and saving accounts, both manually and/or electronically, including reconciliation.
Describe available consumer banking technologies.
Explain the potential consequences of checking account mismanagement, such as non-sufficient funds (NSF) handling, overdraft processing, and the role of ChexSystems.