II. Chapter part II Complete the banking note-sheet Research and create a small page on Commercial Banks, Savings and Loans, Savings Banks, Credit Unions, and Finance companies: ' Items to look for: services offered, membership, interest rates, loan rates, fees charged Choose One of the following: a. Create a visual depicting the characteristics and functions of money OR b. Create a visual depiction of how goldsmiths helped create the idea of fractional reserve banking. (Must include how banking today works.) Functions of Financial Institutions Storing Money: Saving Money: 1 . Savings accounts: 2 . Checking accounts: 3. Money Market Accounts: 4 . Certificate of Deposit (CD) Loans: How did loaning money originate in the Middle Ages? How does fractional reserve banking work today? Other Banking services: 1. Mortgage 2. Credit Cards: 3. Debit Card:Types of Financial Institutions: (Note thanks to changes in banking laws, the lines between types of institutions is rapidly blurring) 1. Commercial Banks: 2. Savings and Loans: 3. Savings Banks: 4. Credit Unions 5. Finance Companies