Math 2.11

Personal financial literacy. The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security. The student is expected to:

• (1) calculate how money saved can accumulate into a larger amount over time;
  • (A) explain that saving is an alternative to spending;
  • (B) distinguish between a deposit and a withdrawal;
  • (C) identify examples of borrowing and distinguish between responsible and irresponsible borrowing;
  • (D) identify examples of lending and use concepts of benefits and costs to evaluate lending decisions; and
  • (E) differentiate between producers and consumers and calculate the cost to produce a simple item.