pdic_UsapangPera_GuideBook
pdic_UsapangPera_GuideBook pdic_UsapangPera_GuideBook
Figure 4 Checking Accounts The astute Tessie now asks, “Tatay, if savings accounts are good for keeping money that you will need in a short while, what then are checking accounts good for po?” Aling Lorna, who had just been watching with adoring eyes how the three loves of her life were interacting, butts in with, “Good question, Tessie.” She continues, “Checking accounts are ideal for people and institutions that need to make transactions using big amounts of money. A properly issued check does away with the need to bring hoards of cash that may just attract robbers.” 40 Depositing Your Money
Aling Lorna smiles and continues, “Checks are made from special security paper and are printed only by the suppliers authorized by the Bangko Sentral ng Pilipinas and the Philippine Clearing House Corporation or PCHC.” Holding a magnifying glass in one hand, Aling Lorna gently pulls Sonny to her and says, “Take a closer look at our check with the magnifying glass and tell me what you see.” Aling Lorna says, “You are correct. But those are not strands of hair. They are security fibers. They are placed there intentionally to make it difficult to make a fake check. Plus, there are many other things that protect a check from being counterfeited.” To this end, Aling Lorna slowly explains each part of a check to her two children in the following fashion and using a check similar to the one presented in Figure 5. Depositing Your Money 41
- Page 2 and 3: Copyright 2013 by the Philippine De
- Page 5 and 6: Foreword Through the Philippine Dep
- Page 7 and 8: insured deposits. This Guidebook is
- Page 9 and 10: Table of Contents A Brief History o
- Page 12 and 13: Just like in the United States of A
- Page 14: Table 1 1 Maximum Deposit Insurance
- Page 17 and 18: Money is Important 7
- Page 19 and 20: A Brief History of Money At the hou
- Page 21 and 22: Different Forms of Money Seeing his
- Page 23 and 24: Financial Expert’s Corner They sa
- Page 26 and 27: The Different Life-Event Stages Six
- Page 28 and 29: “In our case, we are saving up fo
- Page 30 and 31: The next life-event stage is where
- Page 32 and 33: How to Save Mang Domeng, as if to r
- Page 34 and 35: Financial Expert’s Corner Saving
- Page 36: Why and How to Save 1. There are ma
- Page 39 and 40: A few minutes later, Tessie is alre
- Page 41 and 42: • Suspicious transactions are tra
- Page 43 and 44: Financial Expert’s Corner In acco
- Page 45 and 46: Banks may or may not issue an ATM c
- Page 47 and 48: He says that all that bank tellers
- Page 49: Tessie expresses some concerns. “
- Page 53 and 54: Located on the upper left hand corn
- Page 55 and 56: Financial Expert’s Corner To avoi
- Page 57 and 58: Mang Domeng says to Aling Lorna,
- Page 59 and 60: Financial Expert’s Corner It shou
- Page 61 and 62: In closing the deposit account, you
- Page 64 and 65: It’s 5:30 AM on a Wednesday, and
- Page 66 and 67: The over-reliance on heuristics giv
- Page 68 and 69: Financial Expert’s Corner Money a
- Page 70 and 71: Financial Expert’s Corner It can
- Page 72 and 73: Ponzi Schemes and Pyramiding Aling
- Page 74 and 75: But before the couple leaves, Harry
- Page 76: More Than Just Interest Rates 1. He
- Page 79 and 80: PDIC is also authorized to investig
- Page 81 and 82: Unable to suppress his smile, Orly
- Page 83 and 84: depositors who have obligations wit
- Page 85 and 86: The agent in a “By” deposit and
- Page 87 and 88: Financial Expert’s Corner Effecti
- Page 89 and 90: 3. How much is Fe Santos’s insure
- Page 91 and 92: Member: PDIC 1. PDIC was created by
- Page 94 and 95: It is just two weeks before Mang Do
- Page 96 and 97: Figure 8 Investment Risk Profile* I
- Page 98 and 99: cash or near cash account. Such acc
Aling Lorna smiles and continues, “Checks are made from special<br />
security paper and are printed only by the suppliers authorized by<br />
the Bangko Sentral ng Pilipinas and the Philippine Clearing House<br />
Corporation or PCHC.” Holding a magnifying glass in one hand,<br />
Aling Lorna gently pulls Sonny to her and says, “Take a closer look at<br />
our check with the magnifying glass and tell me what you see.”<br />
Aling Lorna says, “You are correct. But those are not strands<br />
of hair. They are security fibers. They are placed there intentionally<br />
to make it difficult to make a fake check. Plus, there are many other<br />
things that protect a check from being counterfeited.”<br />
To this end, Aling Lorna slowly explains each part of a check to<br />
her two children in the following fashion and using a check similar to<br />
the one presented in Figure 5.<br />
Depositing Your Money 41
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