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Banking

Banking

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

PFL.3: The student will describe the functions and uses of banks and other financial service providers.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Banking
PFL 3.1: Compare common financial service providers used by consumers to responsibly manage their assets (e.g., banks, mortgage companies, credit unions, brokerage firms, and finance companies).

PFL 3.2: Compare financial products and services offered to consumers, including their risks and protections.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Banking
A: Identify common financial products (e.g., checking, contactless payment systems, credit cards, savings, loans, investments, and insurance).
B: Describe available consumer banking technologies (e.g., Automated Teller Machines, mobile apps, digital wallets, and online banking).
D: Describe the role of the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) to protect consumers' assets to a specified amount in commercial banks, savings banks, and credit unions.

PFL.4: The student will demonstrate the ability to manage a bank account and reconcile financial accounts.

PFL 4.1: Analyze the purpose of maintaining accurate financial accounts.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Banking
A: Identify the steps necessary for opening and maintaining a checking and savings account.
B: Explain the reasons for balancing personal records and reconciling an account statement.

PFL 4.2: Develop useful account management skills.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Banking
A: Describe how funds can be added and withdrawn from financial accounts (e.g., direct deposit, mobile deposit, teller deposit, debit withdrawals, and ATMs).
B: Demonstrate the ability to perform basic account management skills, including correctly writing, endorsing, and depositing checks.
C: Explain how to manage financial accounts (e.g., reading and reconciling statements, navigating online platforms and apps).
D: Describe the potential consequences of account mismanagement, such as non-sufficient funds, overdraft processing, and associated fees.

PFL.5: The student will analyze the costs and benefits of saving and investing.

PFL 5.2: Compare various strategies used to protect income and wealth.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Banking
A: Describe the costs and benefits of various savings options, such as bank savings accounts, certificates of deposit, and money market mutual funds.
D: Compare simple and compound interest.