See all 11th-12th Grades Standards
Banking

Banking

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Here's how Banking aligns with curriculum standards in Utah. Use the filters to change the location, set of standards, and grade level.

STRAND 4: Students will evaluate saving methods and investment strategies.

Standard 1: Describe and discuss financial institutions and demonstrate how to manage personal financial accounts.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Banking
Explain the role of the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Association (NCUA).
Compare the roles of financial institutions and their services, such as banks and credit unions, and the importance of banking.
Demonstrate how to monitor and manage checking/debit and saving accounts.
Explain the potential consequences of checking account mismanagement, such as non‑sufficient funds (NSF) handling and overdraft processing.

Standard 2: Discuss the pros and cons of saving.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Banking
Identify and understand basic saving options, such as savings accounts and Certificates of Deposit.
Understand that savings are designed to preserve principal.

Standard 3: Discuss the risks and returns of investing.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Banking
Demonstrate the time value of money using a compound interest calculator.

STRAND 5: Students will understand principles of personal money management, including budgeting and managing accounts, and the role and impact of credit on personal finance.

Standard 2: Describe and discuss the impact of credit and debt on personal money management.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Banking
Discuss the purpose and role of credit. Explain the value of building and maintaining a healthy credit rating, including elements of creditworthiness: character, capacity, capital, collateral, and conditions.
Define and understand the terms associated with credit, including APR, grace period, late fees, finance charges, default rates, interest, and closing costs.
Understand and demonstrate simple interest calculations.