QR Code Directions

1. Make a QR Code that when scanned will direct the viewer to your BLOG.

Hint:

• Goto VIEW BLOG; 
• Copy URL at top in Browser Window; 
• Paste URL in the QR Code Generator of your choice.
• Right-Click on the QR Code image and SAVE the image to MY DRIVE.
• Send me an EMAIL with the QR Code pasted in the message.

That is all.  DOIT!

Personal Finance 2nd Quarter Final

REMEMBER: You can use any resource available to you to help with research and finding the answers. You cannot copy and paste from any site including your own notes and blog. You MUST not use your neighbor as a resource--Do Your Own Work.

Warm-Up: Money, Money, Money

Please Read the Following Article:

Copy and paste the following directions and questions into your BLOG. Title your post "Warm-Up: Money, Money, Money", and answer the questions.

In just a few sentences, and in your own words answer the title:

1. What is Money?

2. How is it created?

Banking 101

Misconceptions Around Banking:

There’s a lot of confusion about how banks work and where money comes from. Very few members of the public really understand it. Economics graduates have a slightly better idea. In course we’ll discover how banks really work, and how money is created. But first, to clear up any confusion, we need to see what’s wrong about the way that most people think banks work:

Have you read this article?

Please Read the Following Article:

What is a dollar? Sure, it allows us to buy things like food, cars, and iPods; yet, most of us don't really understand money beyond that. Dr. Martenson not only provides an understandable definition, but also explains what gives our green pieces of paper value, and what dangers any currency must face.

 

Understanding how money is created provides a foundation for appreciating the implications of our massive levels of debt, because it tells us how that debt came into being. As John Kenneth Galbraith once said, "The process by which money is created is so simple, the mind is repelled." Dr. Martenson walks us through this simple process of fractional reserve banking. 

WHAT YOU NEED TO DO:           Due: 12/18/15

Following the readings and viewings in this post, you should have a working understanding of how money is created, without being "minted" at the Federal Reserve.

Using Google Docs, explain, in detail, "How Money is Created" (that's the title for your essay).

The completed paper MUST be embedded in your BLOG, you will need to re-size the view window. I use the following: width="800" height="1200".

The completed paper MUST be in "accurate" MLA format. Refer to older BLOG posts for review of this format. I will check for the following: Header with last name and page number, Heading with name, instructor, class, date, Title, and paragraph rules (indent and double-space).

NOT including the above items, the content of your essay may be no less than 250 words. Use CTRL+SHIFT+C to use the DOCS word count. Remember to subtract out your paper heading information.

Once, the paper is completed and properly embedded, please send me an EMAIL with your BLOG address. I would suggest that you complete the essay earlier than the due date, if you need to make corrections to increase your score, this will allow you the time to do so.

What About Banking?

All you ever wanted to know about BANKING!

bank·ing

ˈbaNGkiNG/

noun

1. the business conducted or services offered by a financial institution licensed as a receiver of deposits 

   "with this account, you are entitled to free banking"
2. .

When you think of a bank, the first thing that comes to mind might be the place that holds your checking account. But there are several different types of banks, all serving different types of customers.

You might not have heard of all of these banks, but each institution probably plays some part in your everyday life. Different banks specialize in different areas, which makes sense – you want your local bank to put everything they can into serving you better (and online banks can do their thing without the bother of managing multiple branch locations).

Types of Banks

Some of the most common banks are listed below. Some banks work in multiple areas (for example, a bank might offer personal accounts, business accounts, and even help large enterprises raise money in the financial markets).

• Retail banks are probably the banks you’re most familiar with: your checking and savings accounts are held at a retail bank, which focuses on consumers as customers. Learn more about retail banks.

• Commercial banks focus on business customers. Businesses need checking and savings accounts just like individuals do, but they also need more complex services. They might need to accept payments from customers, rely heavily on lines of credit to manage cash flow, and they might use letters of credit to do business overseas. Learn more about commercial banking.
• Investment banks help businesses work in financial markets. If a business wants to go public or sell debt, they’ll use an investment bank. Learn more about investment banks.
• Central banks manage the monetary system for a government. For example, the Federal Reserve Bank is the US central bank responsible for managing economic activity and supervising banks. Learn more about central banks.

• Credit unions are similar to banks, but they are not-for-profit organizations owned by their customers (most banks are owned by investors). Credit unions offer products and services more or less identical to most retail and commercial banks. Learn more about credit unions.
• Online banks operate entirely online – there are no physical branch locations to talk with a teller or personal banker. Many brick-and-mortar banks also offer online services, such as the ability to view accounts and pay bills online, but internet-only banks are different: they often offer competitive rates on savings accounts and they’re likely to offer free checking. Learn more about internet-only banking.

• Savings and loans are less prevalent than they used to be, but they are still important. This type of bank was important in making home ownership mainstream, using deposits from customers to fund home loans. Learn more about savings and loans.

Depending on your needs, you might not ever have direct exposure to some of the banks listed above. However, it’s wise to at least have a bank account for your personal needs (see Why you Need a Bank Account), and if you run a business it’s essential to separate your personal and business finances with a business account.

click on the link above "BANKING" to open a shared document. You will need to make a copy of this document to your DRIVE so that you can EDIT it. Begin to fill in the information as you find these answers on the internet--Banking Scavenger Hunt

WARM-UP: December 3, 2015

Banks and Consumer Services:

Warm–Up:

Create a BLOG post titled: "Banks and Consumer Services: Warm-Up".
Write down the following three KEY QUESTIONS in your BLOG. Answer the questions and thoroughly as possible, provide as much information as you can.

Key Questions:

1.       What are banks?

2.      What do they do?

3.      How do individuals use them?