Title: Define terms associated with banking and business operations.
Course: Foundations of Agriculture, Food, and Natural Resources (18001-I) > Section: Demonstrating Skills in Agribusiness

Defining terms may include

- balance sheet
- cash flow
- checking account
- checks
- credit
- credit cards
- disclosure statements
- fees (e.g., overdraft, monthly maintenance, stop-payment)
- interest
- interest rates
- inventory
- investments
- loans
- money orders
- net vs. gross
- safe deposit boxes
- savings accounts
- taxes (e.g., income, real estate, personal property, W-2, W-4).

Process/Skill Questions:

- What is the difference between a checking account and a savings account?
- How and when does an individual establish credit?
- How does one write a check and balance a checkbook?
- What is the purpose of a safety deposit box?
- What is the difference between a credit card and a debit card?
- What is the process for applying for a loan?
- What is the difference between a balance sheet and a cash flow statement?
- How has technology affected how businesses keep up with their finances?