Standards Detail
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Business, Computer and Information Technology
- Standard Area - 15.6: Finance and Economics
- Grade Level - 15.6.2: GRADES PreK - 2
With prompting and support, discuss the difference between a need and a want.
With prompting and support, ask and answer questions about borrowing and paying back money.
With prompting and support, ask and answer questions about items of value that could be lost or damaged.
- Standard Area - 15.6: Finance and Economics
- Grade Level - 15.6.5: GRADES 3 - 5
Reference Family and Consumer Sciences 11.1.3.B; Career Education and Work 13.3.5.D
- Standard Area - 15.6: Finance and Economics
- Grade Level - 15.6.8: GRADES 6 - 8
Discuss the importance of developing short-, medium-, and long-term personal financial goals.
Explain the difference between sales and income tax. Reference Family and Consumer Sciences 11.1.12.E; Economics 6.5.12.A
Compare and contrast advantages and disadvantages of various options of paying for short- and long-term purchases.
Compare advantages and disadvantages of different financial institutions relating to saving, investing, and borrowing.
Explain the difference between simple and compound interest. Reference Family and Consumer Sciences 11.1.9.B
Investigate factors that contribute to a positive or negative credit history.
Analyze the components and value of credit reports for consumers, borrowers and lenders.
- Standard Area - 15.6: Finance and Economics
- Grade Level - 15.6.12: GRADES 9 - 12
Evaluate the impact of internal and external influences on financial decisions.
Analyze financial decisions for major purchasing events occurring at different stages in life, systematically considering alternatives and consequences.
Develop criteria to evaluate employment options.
Assess the purpose, source, and impact of various taxes.
Evaluate criteria for personal spending in relation to the economic climate.
Identify strategies for personal financial management.
Analyze the functions of the Federal Reserve and other financial institutions.
Analyze the total cost of a major purchase loan agreement using fixed and variable interest rates, calculated over time.
Analyze the impact of a positive or negative credit history.
Research major consumer credit laws and their impact on individuals in debt.
Assess the impact of identity theft; develop a plan for correcting a negative credit report.
Compare and contrast various suppliers of insurance products and develop criteria to evaluate individual insurance needs.
Develop criteria for a disaster management plan that includes provisions for secure storage of digital and paper documents, inventory of household items, cash reserves, and medical records.
Develop financial investment plans to accommodate various economic and personal scenarios.
Apply the “Rule of 72” to estimate the number of periods required to double an investment.
Compare and contrast various investment plans to achieve goals of liquidity, income, and growth.
Analyze the role of government in investment planning and retirement planning.