Jigsaw Groups at Door. Reflection #. “The safest way to double your money is to fold it over once and put it in your pocket” What does this mean? Test Correction Unit 1 You will need: Your scantron A writing utinsil Unit 1 Test A lined piece of paper. Test Correction.
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Using your checks and deposit slips on (page 13), make the following banking transactions and record them on the check register (page 14 ) in order. Today fill out:
What is the name of a depository institution in your community?
These are the two most common types of depository institutions.
All depository institutions differ from one another in regards to locations, services offered, interest rates offered, and specific features provided
Choose the correct depository institution to meet individual needs
Individuals may choose to use one depository institution or multiple depository institutions
Individuals may have more than one type of account at the same depository institution
Federal Deposit Insurance Corporation
(FDIC) is a federal government agency which insures member depository institutions against loss. If a depository institution that is covered by the FDIC fails, the FDIC will restore the lost funds in savings tool accounts up to $250,000 per account.
National Credit Unit Administration (NCUA) provides insurance protection for credit unions. Each depositor is insured up to at least $250,000 on savings tool accounts.
Do you use a depository institution?
Choose a depository institution that will help meet financial goals
Financial goals are specific objectives to be accomplished through financial planning
Reach for stars
Find the depository institution that best fits your
needs and helps you reach financial goals!