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Friday, March 20, 2015

Banking

In the banking module on Everfi.com I learned many things. One thing I learned about was the components of a check. The only part of a check you don't have to fill out is the memo line. It is just used as a reminder for what your check is for. Some facts that I learned are the primary goal of the Federal Reserve System is to maintain a safe and stable banking system. Also that, liquidity refers to how easy it is to get at your money. Lastly, if an account has a high liquidity, it is easier to take your money out right away.

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