Standard 3 requires students to describe the functions and uses of various financial service providers. Basic types of financial institutions are analyzed, such as banks, mortgage companies, credit unions, and brokerage firms. In addition, students will compare the most common financial products and services offered by such financial institutions.
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Suggested Unit Progression
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Unit 3. Financial Service Providers
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Suggested Instructional Class Periods:
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Semester Course:
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Embedded in a Course: (9 weeks)
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5
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3
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Oklahoma Academic Standard:
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PFL.3 The student will describe the functions and uses of banks and other financial service providers.
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Essential Questions:
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How do people meet their needs and wants?
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How do financial decisions impact individuals and society?
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Why and how do people prepare and respond to challenges and change?
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Supporting Questions:
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What are the different types of financial institutions available to consumers?
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What are basic services that institutions offer to meet consumer’s financial needs?
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How do consumers select appropriate financial institutions for specific services?
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