Banking

Game • 45 min of learning

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

Location

Standard

Grades

Standards

Defined by Standards for Personal Financial Literacy 6th-8th Grades and align with Banking

SI1.e.m: Recognize the limit of the Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA) coverage of financial accounts.

FM1.b.m: Differentiate between the functions of money as a medium of exchange (e.g., money accepted in exchange for goods or services), store of value (e.g., retention of money's value for future exchanges), and a unit of account (e.g., stated unit of measurement to simplify transactional exchanges in contrast to bartering).

MM2.a.m: Describe and evaluate the benefits and risks of basic financial institution services.

MM2.b.m: Compare features of digital banking in online banking, bill pay, transfers, and checking account transactions. Compare the use of cash, debit cards, credit cards, checks, and other modern forms of payment. Determine how pre-authorized payments impact account balances. Recognize the importance of retaining records of financial transactions.

SI1.b.m: Analyze the benefits of depositing money into a financial institution. Compare and contrast savings versus checking and debit accounts.

SI1.d.m: Define simple and compound interest. Analyze the relationship between opportunity cost and reward.