Depository Institutions
What are the names of two types of Depository Institutions?
Credit Union and Commercial Bank
What is a need?
Something that is required for life.
According to our notes, what is a job?
An activity in which a person can get paid for it.
What are transferable skills?
Skills that can be applied to both personal and professional roles.
According to our notes, what is formal training
Learning a specific set of skills from the experts.
What functions do an ATM provide?
Place where you can deposit and withdraw money.
What is a value?
Something worth while, desirable, and something important.
What is human capital?
Skills, knowledge, and other experiences a person might have.
Social skills or people skills are an example of why type of transferable skills?
Interpersonal
According to our notes, what is informal training?
Learning that occurs in every day life.
What are the differences between a checking account and a savings account in how they should be used?
Checking account provides quick access to funds for payments. Savings account is for money to be saved and not for purchases.
Give me 3 examples of needs.
Food, water, shelter, clothes, etc..
According to our notes, what is a career?
Being able to work with tools and computers are examples of what type of transferable skills?
Technical
Give me 2 examples of formal training.
College, High School, Educational Trainings, Classes, Tech Schools, Apprenticeships.
Name 3 factors to consider when choosing between an bank or a credit union.
Location, services, fees, membership qualifications, insurance, interest rates.
If a person values health, what is something that they might want to spend their money on?
Healthy foods, gym membership, workout equipment, etc...
As our education goes up, what else goes up and what goes down as a result?
As education goes up our pay will go up and our unemployment will go down.
Give me an example of skill that can fall into the category of Organization transferable skill.
Time management, planning, arranging, keeping records, sorting, etc...
Give me 2 examples of informal training.
Reading, networking, social interaction, documentaries, media, conversations, etc..
What are the 3 activities that you can complete through online banking?
How does our values, needs, and wants shape how we spend our money?
Things that we see as needs we spend our money to make sure that we have them. Our values and wants will determine what we spend our money on to feel more comfortable.
Give me 3 examples of post-secondary education opportunities.
Community colleges, technical schools, Universities, Academies, Private Institutions, Colleges.
Give me an example of an Analytical skill.
What type of training are we currently participating in?
Both, formal because we are in school and informal because class discussion and interaction.