Module 7: Banking - how does it all work?

Learning Outcomes

Students should be able to:

  • Identify services offered by banks
  • Make informed financial decisions based on their needs
  • Evaluate costs and benefits of the services offered
  • Recognise trends in banking resulting from technological development
  • Identify the range of providers of financial services
  • Appreciate and apply cost benefit analysis in determining best choice in financial provider or financial service

Enduring Understandings

  • Banks offer a range of services including loan and deposit services.
  • Interest is charged for borrowing and is usually paid on deposit accounts.
  • Technology has improved the way we bank.
  • Customers choose from a broad range of money management services.

Power Words

100 point check
ADI
ASIC
At Call Funds
ATM
Bank cheque
Banking ombudsman
BPay
Building society
Compound interest
Credit card
Credit limit
Credit union
Debit card
Debt
Deposit
Direct credit
Direct debit
EFTPOS
Electronic banking
Financial institution
Fixed interest rate
Interest
Mortgage
Mutual bank
Mobile Apps
Offset accounts
Over the counter transaction
Password
Pay Pal
payWave
Personal Cheque
Personal loan
PIN
Principal
Repayment
Risk
Safe custody
Savings account
Secured loan
Security
Statement
Street frontage
Store card
Superannuation
Tax File Number
Teller
Term deposit
Transaction account
Travel card
Transaction
Unsecured loan
Variable interest rate
Withdrawal

Download Module 7

Select the topics you want and click 'Download' at the bottom of the list. Everything is separated into individual PDF files so you can print, email or distribute as much or as little as you need.

All topics
Module Overview & Curriculum Mapping
Opening the vault - what do banks do?
Decisions! Decisions! Help!
Location! Location! Location!
Compare the market
Opening my bank Account
Show me the money!
A visit from a Professional
Download

If you would like all of the topics in this module, including teacher notes and student worksheets in one combined PDF, click "Download Complete Module".

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