Social Studies - 2019-20

CE.12e - Financial Institutions

The student will apply social science skills to understand the United States economy by

e) explaining how financial institutions channel funds from savers to borrowers;


Adopted: 2015

BIG IDEAS

UNDERSTANDING THE STANDARD

Private financial institutions help facilitate an exchange of money between savers and borrowers

ESSENTIALS

Private financial institutions

 Include banks and credit unions

 Receive deposits and make loans

 Encourage saving and investing by paying interest on deposits

 Help provide financial capital (money) to people/businesses to start or grow businesses


KEY VOCABULARY

Updated: May 16, 2018