Biztown: Unit 1: Lesson 1: Financial Services

How a country makes and manages goods, services, and money.

Money borrowed that must be repaid, usually with interest.

The study of governments, public processes, and the rights and duties of citizenship.

A business that charges customers for money-related services.

Businesses that provide money-related services; examples include credit unions, banks, and savings and loans.

A financial institution owned by its members that provides many of the same services as a bank.

Joe works at a company where he designs shoes. He needs to have bank services

but wants to become a member at a local, not-for-profit financial institution that would support his company. Where should Joe do his banking

Jemma has never used a bank before and wants to open a student account. She

wants a student account to be able to write checks, make deposits, and have a

debit card. Jemma wants a financial institution that will be the same no matter

where she lives or works. Where should Jemma do her banking?

Jordan is a businessman and often on the go. He wants to be able to bank

anytime, anyplace, without having to go to a building. Where should Jordan do

his banking?

Jose and Juanita are buying a new home. They want a bank that understands

loans and can also manage their deposits and checking account. Where should

Jose and Juanita do their banking.

People have the right to own property.

People always keep their private property in banks.

Because your money is your responsibility, it is important to make wise choices about where you keep your money.

Financial institutions are the center of JA Biztown's economy.