Purposes of Financial Institutions

T.I.P.S.

Students must be able to describe the basic purposes of financial institutions.

Example

Rochelle’s homework assignment in her math class is to interview someone who works in the finance industry and write a paragraph describing the purpose of financial institutions. What are some things that you think someone might tell Rochelle in the interview? 

Hint 

Possible Solution

TEKS

Supporting Standard 4.10 Personal financial literacy. The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security. The student is expected to:
(E) describe the basic purpose of financial institutions, including keeping money safe, borrowing money, and lending

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