Title: (Optional) Demonstrate maintenance of checking and saving accounts.
Course: Principles of Business and Marketing (12051-18) > Section: Making Sound Business Decisions

Demonstration should include

- keeping a simulated or real check register or stub up-to-date by entering various types of deposit and withdrawal data
- balancing (reconciling) the check register against a monthly statement
- using a signature card, as applicable
- endorsing checks in three different ways to match different purposes
- using a savings account book
- using basic banking terminology
- using online banking, including mobile banking.

Process/Skill Questions:

- What are the advantages of having a checking account?
- What is a signature card, and why is it important?
- How is a check register and a check stub similar?
- How important is accuracy in maintaining a check register?
- What is involved in balancing (reconciling) a check register?
- What are the benefits of using online banking?
- What are the three types of check endorsements? Which one is the safest way to transfer money to another person?
- What is the Check Clearing for the 21st Century Act, and what is its importance?