Common Planner
K–12 Standards

Introduction to Finance: Grades 9, 10, 11, 12

Other Arkansas CTE sets

Money Management

  • 1.1

    Define terminology

    1. 1.

      Prepare a list of terms with definitions1.1.1

  • 1.2

    Illustrate how to calculate net pay

    1. 1.

      Compute payroll deductions and net pay1.2.1

  • 1.3

    Examine employee benefits

    1. 1.

      Identify optional and required employee benefits1.3.1

  • 1.4

    Describe types of taxes and components of the tax system

    1. 1.

      Analyze types of taxes1.4.1

    2. 2.

      Describe the components of the tax system1.4.2

    3. 3.

      Prepare tax forms1.4.3

  • 1.5

    Explain personal budgets

    1. 1.

      Prepare personal budgets1.5.1

  • 1.6

    Summarize banking services

    1. 1.

      Identify parts of a check1.6.1

    2. 2.

      Write checks1.6.2

    3. 3.

      Differentiate between endorsements1.6.3

    4. 4.

      Reconcile bank statements1.6.4

    5. 5.

      Distinguish the different types of checking accounts1.6.5

    6. 6.

      Identify banking services1.6.6

Credit Management

  • 2.1

    Define terminology

    1. 1.

      Prepare a list of terms with definitions2.1.1

  • 2.2

    Demonstrate knowledge of basic consumer finance principles

    1. 1.

      Discuss the decision-making process2.2.1

    2. 2.

      Identify factors that influence spending2.2.2

  • 2.3

    Demonstrate consumer protection awareness

    1. 1.

      Discuss common crimes against consumers2.3.1

    2. 2.

      Examine federal consumer protection laws2.3.2

    3. 3.

      Identify sources of consumer information and assistance2.3.3

  • 2.4

    Examine credit

    1. 1.

      Analyze the advantages and disadvantages of using credit2.4.1

    2. 2.

      Describe the kinds of credit/loans2.4.2

    3. 3.

      Compare/Contrast the sources of credit2.4.3

    4. 4.

      Discuss the importance of establishing good credit2.4.4

    5. 5.

      Describe the responsibilities of consumer credit2.4.5

    6. 6.

      Explain why credit costs vary2.4.6

    7. 7.

      Calculate simple interest and APR2.4.7

    8. 8.

      Compare methods of computing finance charges2.4.8

  • 2.5

    Analyze consumer debt management

    1. 1.

      Discuss methods for solving credit problems2.5.1

    2. 2.

      Identify and evaluate types of bankruptcy2.5.2

    3. 3.

      Examine advantages and disadvantages of declaring bankruptcy2.5.3

Financial Security

  • 3.1

    Define terminology

    1. 1.

      Prepare a list of terms with definitions3.1.1

  • 3.2

    Describe different purposes of saving

    1. 1.

      Compare and contrast short-term and long-term needs3.2.1

    2. 2.

      Explain the features and purposes of different savings options3.2.2

    3. 3.

      Compare and contrast the financial institutions where you can save3.2.3

  • 3.3

    Describe the stages of investing and the relationship between risk and return

    1. 1.

      Compare and contrast investment strategies, options, and sources of information3.3.1

  • 3.4

    Describe sources of financial information to make investment decisions

    1. 1.

      Explain basic investment options, rated by risk3.4.1

  • 3.5

    Discuss stock investing classifications, and explain how to read the stock listings and stock indexes

    1. 1.

      Participate in the Stock Market Game3.5.1

  • 3.6

    Discuss the features and types of corporate bonds

    1. 1.

      Collect examples of corporate bonds, and present to the class3.6.1

  • 3.7

    Describe federal and municipal government securities bonds

    1. 1.

      Investigate federal and municipal government securities bonds that affect where you live3.7.1

  • 3.8

    Explain mutual funds and what their advantages are

    1. 1.

      Prepare a presentation on the different types of mutual funds3.8.1

  • 3.9

    Describe other choices of investing

    1. 1.

      Prepare a presentation explaining one other investment choice3.9.1

  • 3.10

    Describe individual and family retirement needs

    1. 1.

      Investigate estate planning, and make a presentation for the class3.10.1

  • 3.11

    Describe the features of retirement investment options

    1. 1.

      Analyze a variety of individual retirement accounts (IRAs), and make a brochure Search the Internet for a retirement calculator, and calculate a variety of salaries3.11.1

    2. 2.

      Search the Internet for a retirement calculator, and calculate a variety of salaries3.11.2

  • 3.12

    Explain the concept of insurance

    1. 1.

      Compare and contrast the different types of risks3.12.1

  • 3.13

    Discuss the risk-management process

    1. 1.

      Explain how to create a risk-management plan3.13.1

  • 3.14

    Explain the purpose of renter's and homeowner's insurance

    1. 1.

      Compare three insurance companies' renter's insurance, and present the information to the class3.14.1

  • 3.15

    Discuss common types of auto insurance coverage

    1. 1.

      Find a car; compare three insurance companies' auto insurance for a 16 year-old, and present to the class3.15.1

Frequently asked questions

What grade levels do these standards cover?
Grade 9, Grade 10, Grade 11, and Grade 12
When were these standards adopted?
2006
Where can I read the official document?
Introduction to Finance

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