Math 6.14

Personal financial literacy. The student applies mathematical process standards to develop an economic way of thinking and problem solving useful in one's life as a knowledgeable consumer and investor. The student is expected to: (A) compare the features and costs of a checking account and a debit card offered by different local financial institutions; (B) distinguish between debit cards and credit cards; (C) balance a check register that includes deposits, withdrawals, and transfers; (D) explain why it is important to establish a positive credit history; (E) describe the information in a credit report and how long it is retained; (F) describe the value of credit reports to borrowers and to lenders; (G) explain various methods to pay for college, including through savings, grants, scholarships, student loans, and work-study; and (H) compare the annual salary of several occupations requiring various levels of post-secondary education or vocational training and calculate the effects of the different annual salaries on lifetime income.

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