How do banks make money?
Describe the similarities and differences between commercial banks and credit unions. Why do you think someone would choose one over the other?
In your own words, describe why it’s better to keep your money in a financial institution instead of holding large amounts of cash.
Give several reasons why someone would open more than one type of bank account.
Come up with at least five questions you should ask before deciding to put your money in a financial institution.
Find and research several kinds of banks in your area. How many savings and loan associations, commercial banks, and credit unions are in your town? Speak to the manager of each financial institution. Approximately how many customers does each have? What services do they provide their customers? How do they attract new customers?