42 – 19 = 23 12 x 64 = 768 108 ÷ 16 = 6.75 INTERMEDIATE: Must know 6 out of 8 Prompt Answer Indicating Knowledge 1. Knows how to open a checking or savings account Must provide adequate responses (examples of prompts/questions provided below) “How would you go about opening a checking or Go to a bank to complete an application or use the savings account?” internet to open one on-line Must identify at least 3 items below: “What items would you need to bring with you?” Need driver’s license or another form of identification Need to know SS# Good credit (bank may ask for credit card and obtain a credit bureau report) Need to make a deposit with at least the minimum amount of money needed to open the account Not required but it helps to find a bank without fees for checks, without a required minimum balance, and in a good location in case you need to walk there Optional: A savings account is used to keep your money safe, to “Can you explain the difference between a checking save for large purchases, prevent theft, obtain an ATM and savings account?” card. A checking account is used to write checks to pay for things and obtain a debit card. 2. Knows how to read bills Must know all “Do you receive any bills?” (cell phone, heat, electric, (Informational) water, credit cards) Provide individual with sample utility bills Is able to correctly answer questions about the bill. (Appendices 2 and 3 pg. 79-80) or use a real bill they may have and ask the following questions: Answers: Appendix 3/Appendix 3 1) “What are the current charges?” $149.10/$80.19 2) “Is there a past due that will be carried over to this No; “Payment Received”/No; “Balance Forward” says month? How do you know?” $0.00 3) “When is the payment due?” February 15, 2013/February 5, 2005
42 – 19 = 12 x 64 = 108 ÷ 16 = 23 768 6.75 INTERMEDIATE: Must know 6 out of 8 Prompt Answer Indicating Knowledge 1. Knows how to open a checking or savings account Must provide adequate responses (examples of prompts/questions provided below) “How would you go about opening a checking or savings account?” “What items would you need to bring with you?” Optional: “Can you explain the difference between a checking and savings account?” Go to a bank to complete an application or use the internet to open one on-line Must identify at least 3 items below: Need driver’s license or another form of identification Need to know SS# Good credit (bank may ask for credit card and obtain a credit bureau report) Need to make a deposit with at least the minimum amount of money needed to open the account Not required but it helps to find a bank without fees for checks, without a required minimum balance, and in a good location in case you need to walk there A savings account is used to keep your money safe, to save for large purchases, prevent theft, obtain an ATM card. A checking account is used to write checks to pay for things and obtain a debit card. 2. Knows how to read bills Must know all “Do you receive any bills?” (cell phone, heat, electric, water, credit cards) Provide individual with sample utility bills (Appendices 2 and 3 pg. 79-80) or use a real bill they may have and ask the following questions: 1) “What are the current charges?” 2) “Is there a past due that will be carried over to this month? How do you know?” 3) “When is the payment due?” (Informational) Is able to correctly answer questions about the bill. Answers: Appendix 3/Appendix 3 $149.10/$80.19 No; “Payment Received”/No; “Balance Forward” says $0.00 February 15, 2013/February 5, 2005