Common Planner
K–12 Standards

Financial Literacy: Grades 9, 10, 11, 12

Other Arkansas CTE sets

Assess the role of money in financial literacy

  • 1.1

    Assess the role and functions of money in the economy

    1. 1.

      Research the origins of money and its role in the economy1.1.1

    2. 2.

      Investigate the regulatory roles of the U.S. Treasury and the Federal Reserve in establishing monetary policy1.1.2

    3. 3.

      Investigate sources of tax revenue and how monies are redistributed1.1.3

    4. 4.

      Explain the concept of a "cashless society"1.1.4

  • 1.2

    Examine the relationship between income and career choice

    1. 1.

      Explore career opportunities in finance and financial planning1.2.1

    2. 2.

      Identify job duties, skills and abilities required for careers in finance and financial planning1.2.2

  • 1.3

    Analyze payroll and employment forms

    1. 1.

      Identify the components of paychecks1.3.1

    2. 2.

      Investigate the individual's responsibility in accurately reporting income1.3.2

  • 1.4

    Assess the role of budgeting in meeting financial goals

    1. 1.

      Distinguish between wealth and net worth, comparing and contrasting the two1.4.1

    2. 2.

      Use a goal-setting strategy to create personal financial goals1.4.2

    3. 3.

      Determine the purpose of and the need for a budget, identifying factors that influence budgeting1.4.3

    4. 4.

      Balance a budget, incorporating financial management strategies1.4.4

    5. 5.

      Examine factors that influence consumer spending, demonstrating financially-beneficial shopping strategies1.4.5

  • 1.5

    Assess the impact of interest on borrowing and investing

    1. 1.

      Compare the effects of interest rates as applied to saving and loaning money1.5.1

    2. 2.

      Examine how consumers are affected by raising and lowering interest rates1.5.2

    3. 3.

      Describe concepts relating to simple and compound interest1.5.3

Analyze the services financial institutions provide for consumers

  • 2.1

    Evaluate types of financial institutions and services they provide

    1. 1.

      Distinguish between types of financial institutions and accounts available2.1.1

    2. 2.

      Investigate factors to consider when shopping for a financial institution2.1.2

    3. 3.

      Research banking services available to consumers2.1.3

    4. 4.

      Explore the process for opening different types of accounts2.1.4

  • 2.2

    Investigate concepts of credit abuse, fraud, and protection

    1. 1.

      Identify types of fraud and credit abuse2.2.1

    2. 2.

      Develop strategies to protect oneself from fraud and identity theft2.2.2

    3. 3.

      Assess the need for banking insurance and the role it plays in achieving financial security2.2.3

Demonstrate the ability to use credit as a financial tool

  • 3.1

    Evaluate the use of credit in effective financial management

    1. 1.

      Compare and contrast sources of credit, evaluating the products and services of each3.1.1

    2. 2.

      Differentiate between types of credit and loans3.1.2

    3. 3.

      Calculate the actual costs associated with credit3.1.3

    4. 4.

      Examine the credit card and loan application process, including factors related to the credit approval3.1.4

    5. 5.

      Evaluate the risks associated with overextending credit and how bankruptcy may affect future financial opportunities3.1.5

  • 3.2

    Assess the impact of using credit cards to manage credit

    1. 1.

      Evaluate the use of credit cards as compared with other types of credit3.2.1

    2. 2.

      Investigate the advantages and disadvantages of using credit cards to manage finances3.2.2

    3. 3.

      Analyze how credit card use influences credit score3.2.3

Evaluate the use of insurance for risk management

  • 4.1

    Understand insurance and risk management concepts

    1. 1.

      Assess the need for insurance in managing risk4.1.1

    2. 2.

      Define the basic terminology of insurance4.1.2

  • 4.2

    Investigate types of insurance available in the marketplace

    1. 1.

      Analyze auto insurance coverage and factors affecting cost4.2.1

    2. 2.

      Evaluate health insurance options4.2.2

    3. 3.

      Explore and assess the need for supplemental insurance plans4.2.3

    4. 4.

      Assess the need for home-owners and rental insurance4.2.4

Determine the value and risk of investments

  • 5.1

    Explore investment services offered by a variety of institutions

    1. 1.

      Research institutions involved in investing, including the Securities Exchange Commission (SEC)5.1.1

    2. 2.

      Examine the difference between investment providers5.1.2

  • 5.2

    Evaluate types of investments available in the marketplace

    1. 1.

      Discuss various markets, major indices and types of markets5.2.1

    2. 2.

      Describe different types of investments5.2.2

    3. 3.

      Research the purpose of stocks and factors that affect the price5.2.3

    4. 4.

      Investigate the different types of mutual funds5.2.4

    5. 5.

      Explore the different types of bonds including the issuers and factors affecting price5.2.5

    6. 6.

      Apply investment strategies including risk and portfolio management5.2.6

Determine financial strategies used to meet personal goals

  • 6.1

    Determine financial strategies used to meet long-term financial goals

    1. 1.

      Assess how financial strategies should change with the stages of the individual life cycle6.1.1

    2. 2.

      Investigate planning strategies for retirement6.1.2

    3. 3.

      Research financial planning for other long term goals6.1.3

    4. 4.

      Discuss the importance and purpose of wills6.1.4

  • 6.2

    Evaluate housing options in relation to achieving financial goals

    1. 1.

      Compare and contrast the actual costs and benefits of renting vs. owning6.2.1

    2. 2.

      Analyze factors in determining mortgage costs6.2.2

Frequently asked questions

What grade levels do these standards cover?
Grade 9, Grade 10, Grade 11, and Grade 12
When were these standards adopted?
2014
Where can I read the official document?
Financial Literacy

Keep exploring

Keep exploring CTE standards

Sibling grade bands, other subjects in this jurisdiction, and the same subject across other states.

More Arkansas CTE sets

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