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Banking

Banking

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Here's how Banking aligns with curriculum standards in Missouri. Use the filters to change the location, set of standards, and grade level.

III: Buying Goods and Services: People choose which goods and services to buy. Informed decisions involve collecting information, planning and budgeting.

Concept 4: Selecting Financial Institutions

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Banking
A: Compare the services, service fees and requirements of various institutions such as banks, savings and loans, credit unions and virtual banks.
B: Calculate an account balance by recording deposits, withdrawals and debit transactions.
C: Analyze the costs and benefits of using or not using financial institutions and virtual exchanges.
D: Explain the importance of FDIC, NCUA and other security regulations to protect one's wealth in financial institutions.

IV: Saving: Saving is the part of income that people choose to set aside for future consumption or investment. Time, interest rates and inflation affect the value of savings.

Concept 2: Interest on Savings

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Banking
A: Compare simple and compound interest.
C: Explain how the time value of money influences financial decision-making.

Concept 3: Saving Instruments

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Banking
A: Identify saving instruments such as certificates of deposit and savings accounts.
B: Compare the liquidity, interest payment or penalty of various savings instruments.