semester course 2.1 how checking works student activity packet answers

How many 45-minute lessons are in the checking unit?

You'll find a series of 45-minute lessons with a focus on new modes of managing checking accounts like online and mobile banking. This is the unit plan for our Checking Unit as part of 9-Week Course. You'll find four 45-minute lessons with a focus on online and mobile banking. Choose the best payment options for different real-world scenarios.

How long does it take to complete a semester course?

Enough content to fill a full year or to build your own scope and sequence. 18 weeks of daily instruction to fit a traditional semester. Built to deliver personal finance to your middle school students. This is the Checking unit from our Semester Course.

Is there an answer key available for midterm exam?

Midterm Exam Midterm Exam Midterm Exam - Multiple Choice, Short Answer & Essay *No Answer Key available - assignment is open-ended. ​B ack to Top www.ngpf.org Last updated: 3/27/20 11 Semester Course A n s w e r K e y D o cu me n t

How long does it take to complete keys and assessments?

You must be signed in to your NGPF Teacher Account to view Keys and Assessments. Enough content to fill a full year or to build your own scope and sequence. 18 weeks of daily instruction to fit a traditional semester.

What advice would you offer someone who is considering opening a checking account?

If you open a checking account with a minimum balance requirement, make sure you know not only the minimum requirement but also the fee amount and how it's incurred. Then, check your account balance often to ensure you're meeting the minimum requirement.

Which 4 reasons to open an account would benefit you personally the most?

Here are 4 main reasons to get an account today:Protect your money. A checking account is a safe and secure way to pay for things. ... It's much easier to pay bills and expenses and costs you nothing. ... You can track spending and make adjustments. ... You get fast access to your paycheck with direct deposit.

Why is it important to review your checking account quizlet?

It's important to review your bank statement because it helps you keep track of where your money is going and possible fees you need to pay. The fees you could possibly help avoid are Overdraft Fees, Monthly Fees, or even Late Fees.

What fees and criteria should they pay attention to when opening a checking account?

Common checking account feesMonthly service fee.Overdraft fee.Non-sufficient funds (NSF) fee.ATM fee.Paper statement fee.Foreign transaction fee.Account closure fee.

What are the three common types of checking accounts?

Name three common types of checking account? basic checking account, interest-banking checking account, and Lifeline checking accounts. List the information that must be written on a check in order for it to be processed.

What are 5 benefits of having a checking account?

7 checking account benefitsGet paid early. ... Keep your money safe. ... Access your money easily. ... Manage your money through your phone. ... Open an account with a small deposit. ... Teach kids money management. ... Transfer funds easily.

What is the owner of a checking account called?

The term primary account holder refers to the main user of an account such as a credit card, bank account, or even a debt vehicle such as a loan. This is the person who is legally responsible for the debt and balance along with the maintenance of the account.

Why is it still important to manage your checking account well?

Good account management helps you to avoid unnecessary fees and helps you to maintain the account. If you have trouble keeping enough money in your account to cover your payments or withdrawals, your bank or credit union might close the account and report you to a checking account reporting company.

Why is it so important to have a checking account?

Opening a bank account can be one of the most important steps you take toward reaching your financial goals. Why? Because putting your money in an FDIC-insured bank account can offer you financial safety, easy access to your funds, savings from check-cashing fees, and overall financial peace of mind.

What is a checking fee?

Checking account fees are amounts banks charge customers for certain transactions or for failing to maintain a specified balance. Checking account fees can add up but most are also avoidable.

What factors are commonly considered when selecting a checking account?

Insurance. You should verify that the bank or credit union where you open an account provides insurance from either the Federal Deposit Insurance Corporation (FDIC) or National Credit Union Administration (NCUA). ... Minimum balance requirements. ... Fees. ... ATM network. ... Interest and rewards. ... Mobile app features.

How do I avoid check fees?

Here are some proven tips:Utilize free checking and savings accounts. Many banks still offer them.Sign up for direct deposit. ... Keep a minimum balance. ... Keep multiple accounts at your bank. ... Use only your bank's ATMs. ... Don't spend more money than you have. ... Sign Up for Email or Text Alerts.

What are 3 good reasons to have a savings account?

10 Reasons to Open a Savings Account If You Haven't YetLife Happens. ... Get Control Over Your Finances. ... It's Cheaper Than Borrowing. ... Weather Economic Downturns. ... Pay for College Education. ... Avoid Sliding Into Debt. ... Gain Financial Flexibility and Options. ... Maintain Your Capital and Its Value.More items...•

What are the benefits of opening a bank account?

Benefits of a Bank AccountBank accounts offer convenience. For example, if you have a checking account, you can easily pay by check or through online bill pay. ... Bank accounts are safe. ... It's an easy way to save money. ... Bank accounts are cheaper. ... Bank accounts can help you access credit.

What is the reason for opening a bank account?

Opening a bank account can be one of the most important steps you take toward reaching your financial goals. Why? Because putting your money in an FDIC-insured bank account can offer you financial safety, easy access to your funds, savings from check-cashing fees, and overall financial peace of mind.

What are some reasons to open a savings account?

Not only is a savings account a separate spot to store your cash, but it also allows you to automatically add funds. With many savings accounts, you can even set up an automatic transfer of a portion of your regular paycheck.

What is a case study in checking account?

In this Case Study, students will learn how to compare various checking account options. They will learn about parental influences on financial decision-making. Finally, they will decide whether to opt in to overdraft protection for their checking account.

Why is it important to check your paystub?

It's important to check your paystub, as over 50% of workers in the US have had an issue with it at some point in their career. Look for any deductions and work benefits to make sure everything is right.

Why add NearPod lessons closer to date of instruction?

Adding a Nearpod lesson closer to your date of instruction will ensure you have the most up-to-date version.

What is NGPF semester?

The NGPF Semester Course is perfect for those teachers who have an entire semester devoted to personal finance concepts: It features lesson plans to meet diverse learning styles; rigorous, engaging activities throughout the term; and a digital format so that content is always up-to-date and accessible.