Georgia standard · Social Studies

`SSPFL6`Financial Institution Functions

Analyze the purpose and functions of various financial institutions.

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Expectations

SSPFL6.a
Analyze services offered by different financial institutions including banks, credit unions, payday lenders, and title pawn lenders.
SSPFL6.b
Explain that some financial institutions are for profit and others are non-profit and how that affects the lending behavior of the institution.
SSPFL6.c
Compare the benefits and drawbacks of different financial institutions including banks, credit unions, payday lenders, and title pawn lenders.
SSPFL6.d
Describe difficulties “unbanked” people face; including lack of security, difficulties securing financial services, and increased financial cost compared to using traditional financial institutions.

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