See all 10th-12th Grades Standards
Borrowing

Borrowing

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

Financial Literacy

Standard 1.0: Assess the role of money in personal finance.

Performance Indicator 1.5: Assess the impact of interest on borrowing and investing.

Standards
Defined by Financial Literacy Model Framework 10th-12th Grades and align with Borrowing
1.5.1: Compare the effects of interest rates as applied to saving and loaning money.
1.5.2: Examine how consumers are affected by raising and lowering interest rates.
1.5.3: Describe concepts relating to simple and compound interest.

Standard 3.0: Demonstrate the ability to use credit as a financial tool.

Performance Indicator 3.1: Evaluate the use of credit in effective financial management.

Standards
Defined by Financial Literacy Model Framework 10th-12th Grades and align with Borrowing
3.1.1: Compare and contrast sources of credit, evaluating the products and services of each.
3.1.2: Differentiate between types of credit and loans.
3.1.3: Calculate the actual costs associated with credit.
3.1.5: Evaluate the risks associated with over‑extending credit, types of debt management, and how bankruptcy may affect future financial opportunities.
3.1.6: Explain the purpose of collateral and explore the various types.