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) distinguish between fixed and variable expenses;
(A) calculate profit in a given situation;
(B) compare the advantages and disadvantages
of various savings options;
(C) describe how to allocate a weekly allowance
among spending; saving, including for college; and sharing; and
(D) describe the basic purpose of financial
institutions, including keeping money safe, borrowing money, and lending.