BU223 Lecture Notes - Lecture 4: Payment Card, Financial Services, Savings Account
Document Summary
Using savings plans, chequing accounts, and other financial services is a primary personal financial planning activity. This chapter starts with an overview of these services followed by a discussion of the changing environment of financial services caused by technology and economic conditions. Next, discussion of the different types of financial institutions is offered along with the factors to consider when selecting one. Coverage of choosing and using savings plans includes material on the types of accounts that are available. Finally, selection and use of chequing accounts is presented. Daily buying activities require the use of financial services that facilitate business transactions as well as lead to the achievement of financial goals. Cash, cheque, credit card, or atm card are the common payment choices, but no matter how carefully you manage your money, there may be times when you will need more cash than you have currently available.
