Banking

Game • 45 min of learning

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

Location

Standard

Grades

Standards

Defined by Personal Financial Literacy 9th-12th Grades and align with Banking

HSS.ECON.T1.5: Predict how interest rates act as an incentive for savers and borrowers.

HSS.ECON.T6.1: Explain the basic functions of money (e.g., medium of exchange, store of value, unit of account).

HSS.PFL.T2.1: Recognize that banks and other financial institutions are businesses that loan funds received from depositors to borrowers.

HSS.PFL.T2.2: Explain the relationship between principal (the initial amount of money deposited in a bank by a person), interest (the amount earned from a bank, usually annually), and compound interest (interest earned on the principal and the interest already earned).

HSS.ECON.T6.3: Explain the role of banks and other financial institutions in the economy of the United States.

HSS.ECON.T6.4: Describe the organization and functions of the Federal Reserve System.

HSS.ECON.T6.5: Compare and contrast credit, savings, and investment services available to the consumer from financial institutions.

HSS.PFL.T2.5: Analyze the effectiveness of government agencies such as the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation and state banking departments in protecting the safety of the nation's banking system and consumer interests.