Requirement 2

American Business Merit Badge

Do the following:

  1. Visit a bank or credit union. Talk with one of the officers or staff. Chart the organization of the financial institution. Show its relationship with other banks, business and industry.
  2. Explain how changes in interest rates, taxes, and government spending affect the flow of money into or out of business and industry.
  3. Explain how a proprietorship or partnership gets its capital. Discuss and explain four ways a corporation gets its capital.
  4. Explain the place of profit in business.
  5. Name five kinds of insurance useful to business. Describe their purposes.

Resources: