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Banking

Banking

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

I: FINANCIAL INSTITUTIONS AND BANKING SERVICES: Financial managers demonstrate knowledge of banking services.

Standards
Defined by Advanced Personal Finance Code: 5131 10th-12th Grades and align with Banking
1: Differentiate between various financial institutions (e.g., banks, credit unions, payday lenders, consumer finance companies).
2: Distinguish between different types of banking accounts and evaluate services and related costs associated with them.
3: Describe how FDIC and FSLIC insurance protect customer accounts.
7: Assess different fees and incentives associated with online, mobile, and traditional banking (i.e. overdraft, ATM, and checking account fees).
8: Identify and compare examples of savings options (e.g., CDs, money markets, savings accounts, holiday accounts).
9: Differentiate between and calculate simple and compound interest.
12: List requirements and forms to open checking and savings accounts (e.g., social security number, state-issued ID, minimum opening deposit).
13: Maintain a check register, including proper procedures for handling deposits, withdrawals, and check writing.
14: Reconcile a checking account.