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.