Lesson Plan : Banking

Teacher Name:
 Carol Carmichael
Grade:
 Grade 7-8
Subject:
 Other

Topic:
 How to open checking accounts, apply for debit cards, and perform the operations involved in having a checking account and pertinent bank documents.
Content:
 electronic banking, electronic funds transfer system, automated teller machines or atm, interest-bearing checking account, endorsements, overdraft checking, deposits, deposit slips, writing a check, check register, and reconciling a bank statement
Goals:
 1. How to open a checking account. 2. How debit cards are used. 3. How to perform the operations involved in having a checking account. 4. Understanding and interpreting pertinent checking account documents.
Objectives:
 Checking accounts are an important record of one's financial transactions. Understanding and maintaining one's account teaches financial responsibility and that is a method of payment of money for the goods and services that we need.
Materials:
 Banking Is: Student Study Guide, National Learning Productions, Inc. Overhead transparencies Sample checks and check ledgers
Introduction:
 Explain the basic definitions, refer to where additional information can be found, and ask to see if anyone has ever used someone's atm card before.
Development:
 Open the account, make the first deposit, and make a purchase using a check or an atm card. Update the Transaction Register and calculate the account balance at each step.
Practice:
 The students will want to purchase an item costing more than is in the account. Make a deposit to the account, then use an atm or write a check for the purchase. Keep an accurate Transaction Register.
Accommodations:
 Instead of using cash money for the deposit, the teacher writes a check out payable to the student. The student endorses the check on the back, then uses that check to make a deposit.
Checking For Understanding:
 The teacher observes, answers student questions, helps students as needed during activities, and reviews accuracy and clarity of student work.
Closure:
 Refer to additional material.
Evaluation:
 
Teacher Reflections:
 

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