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Opening an Account

Opening an Account

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Here's how Opening an Account aligns with curriculum standards in Alabama. Use the filters to change the location, set of standards, and grade level.

Saving

22: Research and report on the benefits of savings.

Standards
Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Opening an Account
a: Distinguish between saving and investing, considering the characteristics of various methods of saving. Examples: savings account, money markets, certificates of deposit, IRAs, retirement accounts

Banking

Standards
Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Opening an Account
29: Explain the role of the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) in protecting depositors' savings, including coverage limits.
32: Demonstrate procedures for opening and managing a checking account, including writing checks; recording checks, debits, and deposits; and reconciling statements.

31: Investigate and report on account management services provided by financial institutions. Examples: credit unions, pawn shops, payday lenders, commercial banks, online banks

Standards
Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Opening an Account
b: Compare the features and costs of personal checking accounts offered by different financial institutions.