Module 6: BankingTopic 3 Application: The Story of Banks Worksheet What choices do the youngindividuals have in thestory to keep their moneysafe? What option is the leastsafe option? Denny pays with cash. Hispartners encourage his toopen a checking account?Why? Why is writing a check asgood as using cash? What is an overdraft? How can you receivemoney out of a checkingaccount aft
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Module 6: Banking
Topic 3 Application: The Story of Banks Worksheet
What choices do the young
individuals have in the
story to keep their money
safe?
What option is the least
safe option?
Denny pays with cash. His
partners encourage his to
open a checking account?
Why?
Why is writing a check as
good as using cash?
What is an overdraft?
How can you receive
money out of a checking
account after you have
deposited money? Name
at least two different ways.
When banks receive
customers’ money? What
do they do with this
money?
The story discusses the
Federal Reserve
requirement? What is the
requirement and why is it
important?
When the individuals
decide to expand their
business, how will they pay
for their expansion?
Who ultimately decides the
rates for loans?
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