LIFEPAC® Consumer Math Unit 3 Worktext

Description

Consumer Mathematics Unit 3 introduces students to different types of financial institutions, the benefits of banking, and the services, tools, and resources offered by banks and credit unions. Students learn how to open a checking account and about resources typically provided through online banking. Lastly, students learn about financial risks and strategies to reduce risk, including insurance and warranties, and how to evaluate these options.

In this course, students will study:

• Types of financial institutions
• Services, tools, and resources of banking institutions
• Checking accounts
• Online banking
• Financial risks
• Paying for expensive repairs
• Managing risks

Course Objectives

• Identify the major types of financial institutions.
• Understand the differences between a bank and credit union.
• Identify banking services, tools, and resources.
• Describe the roles of the bank representatives.
• Understand the steps involved in opening and maintaining a bank account.
• Understand how to write a check.
• List banking tasks that can be completed online.
• Describe how to make a payment using online banking.
• Identify financial risks.
• Define key financial risk terms, such as liability, identity theft, and privacy policy.
• List strategies to manage risks associated with banking online.

Unit 3: Financial Institutions

• Types of financial institutions
• Bank services, tools, and resources
• Quiz
• Checking accounts
• Online banking
• Quiz
• Financial risks
• Managing risks
• Quiz
• Unit Test