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EXPLORING 21st CENTURY SKILLS AND ISSUES
6. Elmer is an ambitious high school student. He has a 4.2 GPA and a small company that delivers Kelly’s quiches after school. He needs to set up a checking account for his business. Where should he go? a. Commercial Bank Circle one: retail (consumer) or business division b. Investment Bank 7. Kelly’s Cupcakes and Quiche has recently merged with Yummy Cafes. They are now Klummy’s Yummies. They are wildly successful. They want to transform their company from a private company to a public one, so they can sell shares of their company on the stock market. Where can they go for advice and management of this b. Investment Bank 8. Kelly wanted to show her appreciation for her Auntie Gita’s unwaivering, lifelong support and encouragement. She gave her a very valuable cupcake-shaped ring ”frosted” with pink diamonds. Auntie wants to keep it in a safe deposit box. Where should she go? a. Commercial Bank Circle one: retail (consumer) or business division b. Investment Bank 9. Klummy’s Yummy’s wants to build a big new corporate headquarters in the shape of a cupcake. They need funding for this real estate project. Where should they go? a. Commercial Bank Circle one: retail (consumer) or business division b. Investment Bank 10. Klummy’s Yummy’s had a great year. Several hard-working employees were given bonus checks. Where can they go to cash their checks? a. Commercial Bank Circle one: retail (consumer) or business division b. Investment Bank 11. Yazmin, a pastry chef at one of Klummy’s Yummy’s Cafes, is walking to work when she passes a building that says BigTime Investment Bank . She thinks “Oh good! I’ll duck in here to get some cash from the ATM.” She is surprised when she enters a very posh lobby and finds no ATM. Where can she go to get cash from an ATM? a. Commercial Bank Circle one: retail (consumer) or business division b. Investment Bank 12. Klummy’s Yummy’s recently expanded to include catering services for children’s parties. It needs insurance to cover the fleet of Klummy’s Yummy’s Catering and Clown Cars. Where can they go to get business insurance? a. Commercial Bank Circle one: retail (consumer) or business division b. Investment Bank PRODUCT PREVIEW complicated process? a. Commercial Bank Circle one: retail (consumer) or business division
107 THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY
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