MM - Financial Institutions and Banking Services [LESSON]

Financial Institutions and Banking Services

In this lesson, we will discuss the types of financial institutions, principles of banking transactions, and the various services of a bank.

Knowledge Point

Depository vs. Non-Depository

When you think of the term “financial institution”, your first thought is probably of your local bank. While banks are, indeed, financial institutions, they are not the only financial institutions. In truth, not even all banks are the same type of financial institution. 

Depository Financial Institutions | Activity

Explore the LO below to learn more about the types of financial institutions.

 

Non-Depository Financial Institutions | Activity

Explore the LO below to learn more about the types of financial institutions.

 

Banking Services

Banks do more than hold your money and cash checks.

Financial Institutions and Banking Services | Self-Assessment

View the learning object below to learn more about banking services.

Reflection

Financial institutions are more than just your local bank. Depository and non-depository financial institutions offer a variety of services to customers. When choosing a financial institution, it is important to consider the type of service you need as well as how the institution is insured and how you are protected.

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