# CTE Resource Center - Verso - Economics and Personal Finance Task 1842202907

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Prepare all forms necessary for opening and maintaining a checking and a savings account.

Definition

Preparation should include
  • completing required application documents
  • presenting approved identification documents
  • writing/maintaining checks, electronic transactions, stubs, and check register
  • demonstrating types of endorsements
  • completing deposit and withdrawal documents.

Other Related Standards

Economics and Personal Finance Standards of Learning

EPF.12

The student will demonstrate knowledge of banking transactions by
  1. comparing the types of financial institutions;
  2. examining how financial institutions affect personal financial planning;
  3. evaluating services and related costs associated with personal banking;
  4. differentiating among types of electronic monetary transactions;
  5. preparing all forms necessary for opening and maintaining a checking and a savings account;
  6. reconciling bank statements;
  7. comparing costs and benefits of online and traditional banking; and
  8. explaining how certain historical events have influenced the banking system and other financial institutions.

FBLA Competitive Events and Activities Areas

Accounting I

 

Accounting II

 

Banking and Financial Systems

 

Economics

 

Introduction to Business

 

Personal Finance