Minds On
Why use a bank?
Brainstorm
Brainstorm
Work with a partner, if possible, and brainstorm your thoughts and ideas about the following:
- What are some reasons why a person would need to go to the bank?
- List all the services you can think of that a bank has to help people.
Action
Comparing banks
A visual artist decided to review their banking options. When they first opened a bank account, they chose the bank that their family used. What factors should they consider when choosing a bank? What are some things they should consider when opening a new bank account?
Brainstorm
Brainstorm
Use the internet to explore two basic chequing and savings accounts from two different financial institutions. After a preliminary search, work with a partner, if possible, and brainstorm the following questions:
- What are the positive features of each?
- What are some areas of concern?
Once you have compiled your answers, complete the Chequing and Savings Account Comparison Organizer in your notebook or use the following fillable and printable documents.
Press the Activity button to access Chequing and Savings Account Comparison Organizer.
Activity (Open PDF in a new tab)| Type of Account | Positive Features | Concerns |
|---|---|---|
| Chequing | ||
| Savings |
Consolidation
Banking features
Common banking services include:
- chequing accounts
- savings account
- mortgage
- RRSP
- RESP
- TFSA
- line of credit
- GIC
- online banking
Banking service research
Complete the Banking Services Organizer in your notebook or using the following fillable and printable document.
Review the different banking service or features outlined in the previous list. Choose three of the services and complete the organizer based on your research:
- What are the three most important things to know about this service?
- Who would benefit from each type of service and why?
- Think of one disadvantage and one question you would have about the service.
| Service and three most important things | Who benefits? | One disadvantage and one question |
|---|---|---|
Reflection
As you read the following descriptions, select the one that best describes your current understanding of the learning in this activity. Press the corresponding button once you have made your choice.
I feel...
Now, expand on your ideas by recording your thoughts using a voice recorder, text-to-speech, or writing tool.
When you review your notes on this learning activity later, reflect on whether you would select a different description based on your further review of the material in this learning activity.
Join the conversation
Press 'TVO Mathify' to join the conversation and connect with a math tutor.
TVO Mathify (Opens in new window)Connect with a TVO Mathify tutor
Think of TVO Mathify as your own personalized math coach, here to support your learning at home. Press ‘TVO Mathify’ to connect with an Ontario Certified Teacher math tutor of your choice. You will need a TVO Mathify login to access this resource.