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 Hands On Banking Adults: Teacher's Guide
credit has no collateral attached Mortgage f. The combination of a business' fixed and variable costs Unsecured credit g. Monthly record of your account activity sent by the bank 2. Safe-deposit boxes are secure boxes at the bank to protect your important documents and valuables. Id...
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credit has no collateral attached Mortgage f. The combination of a business' fixed and variable costs Unsecured credit g. Monthly record of your account activity sent by the bank 2. Safe-deposit boxes are secure boxes at the bank to protect your important documents and valuables. Identify some of the items you might want to keep in a safe-deposit box. Yes No Item Birth certificates Loan documents Insurance policies Items that are not replaceable or have sentimental value Savings bonds
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are usually required, for example: • Driver’s license or state ID • Passport • U.S. military ID • Alien Registration card • Matricula Consular card OR 1 item from the above list and a major credit card or gas card. And… • Your Social Security number or individual tax ID number (ITIN) • Money to <span class="highlight">deposit</span> – ask if there’s a minimum. Bank requirements may vary, so ask your local bank what they require. • When you open an account, take out a loan, or use other services at a bank, you will be
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credit has <span class="highlight">no</span> collateral attached Mortgage f. The combination of a business' fixed and variable costs Unsecured credit g. Monthly record of your account activity sent by the bank 2. Safe-<span class="highlight">deposit</span> boxes are secure boxes at the bank to protect your important documents and valuables. Identify some of the items you might want to keep in a safe-<span class="highlight">deposit</span> box. Yes <span class="highlight">No</span> Item Birth certificates Loan documents Insurance policies Items that are not replaceable or have sentimental value Savings bonds
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of credit has <span class="highlight">no</span> collateral attached Mortgage b f. The combination of a business’ fixed and variable costs Unsecured credit e g. Monthly record of your account activity sent by the bank 2. Safe-<span class="highlight">deposit</span> boxes are secure boxes at the bank to protect your important documents and valuables. Identify some of the items you might want to keep in a safe-<span class="highlight">deposit</span> box. Yes <span class="highlight">No</span> Item √ Birth certificates √ Loan documents √ Insurance policies √ Items that are not replaceable or have sentimental value
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companies establish credit unions for their employees. To join a credit union, a person must ordinarily belong to a participating organization, such as a college alumni association or labor union. When a person deposits money in a credit union, he or she becomes a member of the union because the <span class="highlight">deposit</span> is considered partial ownership in the credit union. Creditor An individual or business that lends money or extends credit. Creditworthiness A lender’s measure of an individual or company’s ability to pay
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HANDS ON BANKING® • TEACHERS GUIDE 157 ADULTS • DICTIONARY • www.handsonbanking.org Direct <span class="highlight">deposit</span> A <span class="highlight">deposit</span> made directly into your account by the payer without the use of a check or <span class="highlight">deposit</span> slip. Typical direct deposits include Social Security payments and automatic payroll deposits. Disclosure A document provided by a lender, such as a bank or credit card company, that details the interest rate, fees, and terms of repayment. Discretionary expense The purchase of goods or services which are
Financial Literacy Lessons for ESL Students
© 2002, San Diego Centers for Education & Technology Basic Banking: Unit 1, Lesson 2 - Page 4 Lesson 2 Checking Accounts Basic Checking Accounts Look at the chart to answer the questions about the checking accounts. California Sun Bank Pacific Credit Union San Diego First Bank Monthly Se...
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© 2002, San Diego Centers for Education & Technology Basic Banking: Unit 1, Lesson 2 - Page 4 Lesson 2 Checking Accounts Basic Checking Accounts Look at the chart to answer the questions about the checking accounts. California Sun Bank Pacific Credit Union San Diego First Bank Monthly Service Fee $8 (Waived with direct deposit or $1,000 minimum balance $5.50 (Waived with direct deposit) $6.00 (Waived with minimum balance of $600) Interest No No Yes (with minimum balance of
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http://www.otan.us/images/publicarchive/ArchivesDigitalFiles/ELCivics/Financial_Lit/003370financial_literacy_esl.pdf#page=17
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© 2002, San Diego Centers for Education & Technology Basic Banking: Unit 1, Lesson 2 - Page 4 Lesson 2 Checking Accounts Basic Checking Accounts Look at the chart to answer the questions about the checking accounts. California Sun Bank Pacific Credit Union San Diego First Bank Monthly Service Fee $8 (Waived with direct <span class="highlight">deposit</span> or $1,000 minimum balance $5.50 (Waived with direct <span class="highlight">deposit</span>) $6.00 (Waived with minimum balance of $600) Interest <span class="highlight">No</span> <span class="highlight">No</span> Yes (with minimum balance of
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overdraft protection? California Sun Bank Pacific Credit Union San Diego First Bank Monthly Service Fee $8 (Waived with direct <span class="highlight">deposit</span> or $1,000 minimum balance 1. (Waived with direct <span class="highlight">deposit</span>) $6.00 (Waived with minimum balance of $600) Interest <span class="highlight">No</span> <span class="highlight">No</span> 2. Overdraft Protection Yes (with savings account) 4. Yes (with savings account or bank credit card) Bounced Check Fee 3. $15.00 $17.50
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© 2002, San Diego Centers for Education & Technology Basic Banking: Unit 1, Lesson 2 - Page 6 Lesson 2 Checking Accounts Basic Checking Accounts – Student B California Sun Bank Pacific Credit Union San Diego First Bank Monthly Service Fee $8 (Waived with direct <span class="highlight">deposit</span> or $1,000 minimum balance $5.50 (Waived with direct <span class="highlight">deposit</span>) 1. (Waived with minimum balance of $600) Interest 2. <span class="highlight">No</span> Yes (with minimum balance of $1,500) Overdraft Protection 4. Yes (with bank credit card
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students to practice (and differentiate between) information and yes/<span class="highlight">no</span> questions. Explain and model to students how to use the correct intonation (rising intonation for yes/<span class="highlight">no</span> and falling intonation for information questions) and stress (voice slightly higher on stressed words). Have students practice in pairs. U1L2, page 4: Basic Checking Accounts 1. Pacific Credit Union 2. Yes, for direct <span class="highlight">deposit</span> of pay checks 3. All 3 – California Sun, Pacific Credit Union, San Diego First 4. $17.50 U1L2, pages 5
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© 2002, San Diego Centers for Education & Technology Teacher’s Notes, Unit I - Page 18 Financial Literacy, Unit I Teacher’s Notes Section B <span class="highlight">No</span> driver's license Soc. Sec. Number: 699-11-0407 <span class="highlight">No</span> previous employment Nearest Relative: Miranda's brother Jose Garcia lives in San Diego. His phone number is 619-640-9782. Section C <span class="highlight">No</span> home purchased. Credit: Credit Card -- Sears <span class="highlight">No</span> Balance Account Number: 1010-5556-9321-0003 <span class="highlight">No</span> property repossessed. <span class="highlight">No</span> lawsuits. <span class="highlight">No</span> Bankruptcy. Personal
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be as sure as possible that you will pay the money back. There are three principal ways to establish a credit history. 1) Credit Cards: If you make purchases with a credit card and always pay the money back, the bank feels confident that you will pay back other types of loans. A credit card is an excellent way to show you are a low credit risk for a bank. But, sometimes, people with <span class="highlight">no</span> credit history in the United States have trouble getting their first credit card. If that is the case, you can get
Pro-Growth Alternatives for Monetary and Financial Policies in Sub-Saharan Africa
enterprises and agricultural small-holders. The interest-rate spread—i.e., the difference between lending rates and deposit rates—tends to be high throughout the region. The higher the spread, the higher the cost of credit for borrowers for any given deposit rate. A high sp...
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enterprises and agricultural small-holders. The interest-rate spread—i.e., the difference between lending rates and deposit rates—tends to be high throughout the region. The higher the spread, the higher the cost of credit for borrowers for any given deposit rate. A high spread could also indicate that deposit rates are unusually low, which would discourage savings and limit the resources available to finance bank credit. Figure 3 shows that the average interest rate spread in 2006 for 21 countries in sub-Saharan
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http://www.undp-povertycentre.org/pub/IPCPolicyResearchBrief6.pdf#page=3
www.undp-povertycentre.org/pub/IPCPolicyResearchBrief6.pdf#page=3
enterprises and agricultural small-holders. The interest-rate spread—i.e., the difference between lending rates and <span class="highlight">deposit</span> rates—tends to be high throughout the region. The higher the spread, the higher the cost of credit for borrowers for any given <span class="highlight">deposit</span> rate. A high spread could also indicate that <span class="highlight">deposit</span> rates are unusually low, which would discourage savings and limit the resources available to finance bank credit. Figure 3 shows that the average interest rate spread in 2006 for 21 countries in sub-Saharan
Hands On Banking Young Adults: Teacher's Guide
and lending. Large organizations may organize credit unions for their members, and some companies establish credit unions for their employees. To join a credit union, a person must ordinarily belong to a participating organization, such as a college alumni association or labor union. When a person...
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and lending. Large organizations may organize credit unions for their members, and some companies establish credit unions for their employees. To join a credit union, a person must ordinarily belong to a participating organization, such as a college alumni association or labor union. When a person deposits money in a credit union, he or she becomes a member of the union because the deposit is considered partial ownership in the credit union. Creditor An individual or business that lends money or
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and lending. Large organizations may organize credit unions for their members, and some companies establish credit unions for their employees. To join a credit union, a person must ordinarily belong to a participating organization, such as a college alumni association or labor union. When a person deposits money in a credit union, he or she becomes a member of the union because the <span class="highlight">deposit</span> is considered partial ownership in the credit union. Creditor An individual or business that lends money or
Hands On Banking Dictionary
subtracted from the user’s deposit account rather than drawing on available credit. Debt Money, goods, or services you owe to others. Debt-to-income ratio A percentage that is calculated by dividing a loan applicant’s total debt payments to his or her gross income. Deed A legal...
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subtracted from the user’s deposit account rather than drawing on available credit. Debt Money, goods, or services you owe to others. Debt-to-income ratio A percentage that is calculated by dividing a loan applicant’s total debt payments to his or her gross income. Deed A legal document that conveys ownership of a property. Default Failure to repay a credit agreement according to its terms. Deferment A limited period of time during which you may postpone your federally guaranteed loan. The interest on
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subtracted from the user’s <span class="highlight">deposit</span> account rather than drawing on available credit. Debt Money, goods, or services you owe to others. Debt-to-income ratio A percentage that is calculated by dividing a loan applicant’s total debt payments to his or her gross income. Deed A legal document that conveys ownership of a property. Default Failure to repay a credit agreement according to its terms. Deferment A limited period of time during which you may postpone your federally guaranteed loan. The interest on
StudentCredit.com: Good Credit Management
What Good Credit Is 7. Using your Credit Card as a Tool to Build Good Credit 8. Common Mistakes to Avoid 9. Credit Card Vocabulary How Much Credit Can You Afford?Top Many experts recommend that no more than 15-20% of your monthly household take-home pay be committed to credit card m...
Yanks are Coming, The
The Yanks Are Coming! (Memory): American Treasures of the Library of Congress Home - Overview - Learn More About It - Object Checklist (Current) - Credits Exhibition Sections: Top Treasures - Memory - Reason - Imagination The Yanks Are Coming! June Bauer, music and lyrics "Our Uncle Sam.&q...
Financial Crisis Caution Urged by Faculty Panel
deposit-taking institution that most often kept the loan on its books, retaining the credit risk. But over time the banks would sell more and more loans to the secondary market, particularly since the Fannie Maes and Freddie Macs that had evolved since then, in order to relieve the banks of s...
Beacon Learning Center: Who Gets the Money?
Beacon Lesson Plan Library Beacon Lesson Plan Library Who Gets the Money? Thomas Lucey Description Working in groups, students determine the characteristics of a good loan. They also make practical application of what they learn. Standards Florida Sunshine State Standards SS.D.1.3.2.8.1 Th...
Core Content For Mathematics Assessment
CCA 4.1 High School Practical Living/Vocational Studies AUGUST 2006 Bold – State Assessment Content Standard 128 Italics – Supporting Content Standard Financial Literacy PL-HS-3.2.1 Students will apply financial management practices, including budgeting, banking (e.g., check writing, ba...
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CCA 4.1 High School Practical Living/Vocational Studies AUGUST 2006 Bold – State Assessment Content Standard 128 Italics – Supporting Content Standard Financial Literacy PL-HS-3.2.1 Students will apply financial management practices, including budgeting, banking (e.g., check writing, balancing a checking account), savings and investments (e.g., advantages and disadvantages of savings accounts, stocks, bonds, mutual funds, certificates of deposit, IRAs, 401Ks) and credit (e.g., responsible use of
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www.education.ky.gov/users/OTL/CCA%204%201%20FINAL/CCA_41.pdf#page=131
CCA 4.1 High School Practical Living/Vocational Studies AUGUST 2006 Bold – State Assessment Content Standard 128 Italics – Supporting Content Standard Financial Literacy PL-HS-3.2.1 Students will apply financial management practices, including budgeting, banking (e.g., check writing, balancing a checking account), savings and investments (e.g., advantages and disadvantages of savings accounts, stocks, bonds, mutual funds, certificates of <span class="highlight">deposit</span>, IRAs, 401Ks) and credit (e.g., responsible use of
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