4.10E Financial Institutions
Presentation
•
Mathematics
•
4th Grade
•
Practice Problem
•
Medium
+3
Standards-aligned
Melissa Richards
Used 22+ times
FREE Resource
4 Slides • 4 Questions
1
2
Open Ended
What does a bank do?
3
4
Three Basic Purposes
Keeps customers' money safe
Money deposited into a bank is insured by the FDIC (Federal Insurance Corporation)
Borrow money from customers
Lend money to customers for large purchases for a fee
5
Discuss at your tables and be ready to share.
Why do you think banks need people to deposit their money?
Why is it safer to store your money at a bank or credit union than a piggy bank?
6
Multiple Choice
Which of these services is NOT provided by a financial institution such as a bank or credit union?
Informing customers of the amount of money in their accounts.
Informing customers of how the money in their accounts must be spent.
Providing cash when customers make withdrawals from their accounts.
Providing loans to customers that can be paid back over time with interest.
7
Multiple Choice
Which statement describes a primary service of a bank?
Banks offer checking and savings accounts to their customers
Banks help customers decide which expenses to pay.
Banks help customers meet their neighbors.
Banks sell stamps and deliver mail.
8
Multiple Choice
Raina sold pens decorated with fancy tape.
-Raina's expenses were $11.57 for supplies.
-Raina sold 12 pens for $2 each.
What was Raina's profit?
$24.00
$35.57
$12.43
$2.43
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