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Financial Institution Comparison

Main Core Tie

General Financial Literacy
Strand 4 Standard 1

Time Frame

1 class periods of 60 minutes each

Group Size

Small Groups

Life Skills

  • Communication
  • Social & Civic Responsibility

Authors

Traquel Dayley

Summary

This activity helps students experience the responsibility of finding a financial institution that fits their needs.


Materials

Students will need brochures from various financial institutions or students may use the Internet to find information.


Background for Teachers

Some information is difficult to find, so explain to student that it is often effective to call or stop by the place of business for additional information.


Student Prior Knowledge

Students need to know banking terminology such as APR, minimum balance, overdraft fee, etc.


Intended Learning Outcomes

Students will be able to draw a conclusion about which financial institution would be most effective for them in their personal circumstances.


Instructional Procedures

Attachments

  • Bank_Comparison_Conclusions.doc
    Worksheet of questions for students to answer based on their conclusions from poster information. To be completed after all groups have made their posters.
  • Bank_Comparison_Project.ppt
    This PowerPoint has the logos of several banks that could be options for students to research. The requirements are given on the PowerPoint. THERE ARE LINKS FROM THE BANK LOGOS IN THE POWERPOINT TO THE WEBSITES...JUST CLICK!
  • Bank_Comparison_Sample_1.JPG
    Sample of student bank research poster.
  • Bank_Comparison_Sample_2.JPG
    Sample of student bank research poster.

Websites

  • Money Talks
    This is a link to a PDF file, in magazine format with valuable information to give to students about how to save.
  • WikiHow
    As a teenager there are several factors to consider when choosing a bank. Saving money is an important skill to learn early in life; it provides you with a sense of purpose, an ability to interact with the commercial side of life and an opportunity to develop self-discipline about saving and spending money. Choosing the right bank when you are a teenager should be about complementing your needs and meeting your needs with the least amount of hassle, red tape and loss of funds through fees

Project the PowerPoint presentation with the directions. In small groups, students will choose a financial institution to research and make a poster with the required information. The posters are then hung throughout the classroom. All students then evaluate the provided information and fill out the worksheet with their assessments and conclusions.


Assessment Plan

Teacher will assess the students' learning by reading the responses on the worksheet completed at the end of the activity. Also, a discussion will help teachers identify student learning.


Created: 04/05/2004
Updated: 02/05/2018
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