Financial Literacy 20, 30
Course Configurations
Explore documents and processes used to conduct and monitor common financial transactions.
Indicators for this outcome
| (a) | Discuss common financial transactions (e.g., deposits, withdrawals, direct deposits, e-transfers, issuing/cashing/depositing cheques, pre-authorized payments and direct deposits). |
| (b) | Identify common financial transactions and service charges reported on an account statement. |
| (c) | Explain how an e-transfer works for both the sender and the recipient. |
| (d) | Research stop payment options for an e-transfer. |
| (e) | Discuss the importance of monitoring one’s financial transactions and account statements for accuracy. |
| (f) | Discuss ways to monitor financial transactions manually and using technologies. |
| (g) | Research terms and conditions commonly associated with an account, such as the process and time restriction for reporting inaccuracies on a bank statement or the rules for clearing fraudulent items. |
| (h) | Research emerging payment trends. |
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