Banking: Alabama Curriculum Alignment

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

Personal Finance

Saving

23: Compare certificates of deposit, money markets, and savings accounts and identify the benefits and disadvantages of each.

Standards

Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Banking

c: Explain the difference between simple and compound interest and calculate interest on a given amount of savings using each method.

Banking

Standards

Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Banking

29: Explain the role of the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) in protecting depositors' savings, including coverage limits.

30: Explain how state and federal agencies charged with regulating financial institutions protect the safety, soundness, and legal compliance of the nation's banking system. Examples: Federal Reserve System, the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, state banking departments

32: Demonstrate procedures for opening and managing a checking account, including writing checks; recording checks, debits, and deposits; and reconciling statements.

31: Investigate and report on account management services provided by financial institutions. Examples: credit unions, pawn shops, payday lenders, commercial banks, online banks

Standards

Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Banking

a: Summarize the risks and protections associated with checks, debit cards, credit cards, and online and mobile payment systems.

b: Compare the features and costs of personal checking accounts offered by different financial institutions.

e: Identify ways to avoid costly fees. Examples: overdraft fees, late fees