Lesson 1: Depositing
Time Required: 30 minutes
the Dough Student Reproducible 1 (PDF);
Students will learn about different kinds of bank accounts and
how checks are processed.
- Ask students: Do you know how a bank account works? Why and
how would you open one? What is the difference between a checking
account and a savings account? Why would you want one kind of
account as opposed to the other?
- Distribute Depositing the Dough Student Reproducible
1. Read the case study aloud, then discuss why a savings account
that earns compound interest is the best choice for Susanna
and why a checking account is more appropriate for Joe.
- Have students complete the chart on the Depositing the
Dough reproducible for homework and review the solutions
Extension Ideas: Have students
gather any information they can about accounts offered by local
banks. Share the information in class and ask students to compare
and contrast the different options.
Mathematics: Problem Solving;
Social Studies: Production, Distribution,
Economics: Decision Making; Interest
English: Communication; Research;
Financial Literacy: Money Management;
Savings and Investing
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bottom: © Rubberball Productions, © Photodisc/Getty
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