Group+Unit+Plan+-+Banking


 * Title:** What happens in a bank?


 * Rationale:** The recent financial crisis and recession was due in large part to poor financial decisions by both companies and individuals that may not have been made with additional knowledge. It can be reasonably assumed that there is a great lack of financial literacy in society as debt soars to record highs while savings hit record lows. This unit will utilize the development of basic math skills to help understand the basic operations of a bank and create a financial skill-set that can utilized into the future.

· Students will be able to understand the role and functions of a bank · Students will be able to compute interest through multiplication · Students will be able to manage their own bank account
 * Objectives:**

· 3– E1.0.4 - Describe how entrepreneurs combine natural, human, and capital resources to produce goods and services in Michigan. (H, G) ·  N.ME.03.21 - Understand and relate decimal fractions to fractional parts of a dollar, e.g., ½ dollar = $0.50; 1/4 dollar = $0.25. · N.MR.03.15 - Given problems that use any one of the four operations with appropriate numbers, represent with objects, words (including “product” and “quotient”), and mathematical statements; solve.
 * GLCE’s**