Arkansas
10th-12th Grade
State Standards
Look below to see how Banzai's courses, worksheets, activities, and games align with the Financial Literacy Model Framework for 10th-12th Grade. Note, any one activity listed will satisfy the associated competency.
Financial Literacy
Standard 1.0: Assess the role of money in personal finance.
Performance Indicator 1.1: Assess the role and functions of money in the economy.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
1.1.1: Research the origins of money and its role in the economy.
Under Development
1.1.2: Investigate the regulatory roles of the U.S. Treasury and the Federal Reserve in establishing monetary policy.
Under Development
1.1.3: Investigate sources of tax revenue and how monies are redistributed.
1.1.4: Explain the concept of a 'cashless society'.
Under Development
Performance Indicator 1.2: Examine the relationship between income and career choice.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
1.2.1: Explore career opportunities in finance and financial planning.
1.2.2: Develop job‑seeking skills, including résumé building and interview skills.
1.2.3: Identify job duties, skills, and abilities required for careers in finance and financial planning.
1.2.4: Examine and compare employment benefits offered by potential employers.
Performance Indicator 1.3: Analyze income, payroll, and employment forms.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
1.3.1: Examine and complete W‑4, I‑9, and employee‑benefit forms.
1.3.2: Identify the components of a paycheck.
1.3.3: Evaluate how payroll deductions (federal and state income taxes, FICA, optional deductions) impact gross pay.
1.3.4: Calculate gross and net income for salary, hourly, and overtime pay.
1.3.5: Investigate the individual's responsibility in accurately reporting income.
Under Development
Performance Indicator 1.4: Assess the role of budgeting in meeting financial goals.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
1.4.1: Distinguish between wealth and net worth, comparing and contrasting the two.
1.4.2: Use a goal‑setting strategy to create personal financial goals (short‑ and long‑term planning).
1.4.3: Determine the purpose and need for a budget, identifying factors such as charitable giving, saving, food, clothing, transportation, personal expenses, insurance, household expenses, and recreation.
1.4.4: Explain the reasons for saving and discuss several methods of saving to reach financial goals.
1.4.5: Create and balance a budget, incorporating financial‑management strategies.
1.4.6: Examine factors that influence consumer spending and demonstrate financially beneficial shopping strategies.
1.4.7: Calculate shopping discounts.
1.4.8: Calculate correct change due in a cash transaction.
Under Development
Performance Indicator 1.5: Assess the impact of interest on borrowing and investing.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
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 2.0: Analyze the services financial institutions provide for consumers.
Performance Indicator 2.1: Evaluate types of financial institutions and services they provide.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
2.1.1: Distinguish between types of financial institutions and their regulatory agencies (FDIC, NCUA).
2.1.2: Investigate factors to consider when shopping for a financial institution.
2.1.3: Research banking services available to consumers (checking, savings, CDs, mutual funds, money‑market accounts).
2.1.4: Explore the process for opening different types of accounts.
Performance Indicator 2.2: Investigate types of consumer protection and concepts of credit abuse and fraud.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
2.2.1: Identify types of fraud and credit abuse.
2.2.2: Examine the different types of consumer protection.
2.2.3: Develop strategies to protect oneself from fraud and identity theft.
2.2.4: Assess the need for banking insurance and the role it plays in achieving financial security.
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.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
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.
3.1.4: Examine the credit‑card and loan‑application process, including factors related to credit approval.
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.
Under Development
3.1.7: Determine the impact that a down‑payment has on the cost of a loan and how it decreases risk for the lender.
Performance Indicator 3.2: Assess the impact of using credit cards to manage credit.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
3.2.1: Evaluate the use of credit cards as compared with other types of credit.
3.2.2: Investigate the advantages and disadvantages of using credit cards to manage finances.
3.2.3: Analyze how credit‑card use influences credit score.
Standard 4.0: Evaluate the use of insurance for risk management.
Performance Indicator 4.1: Understand insurance and risk management concepts.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
4.1.1: Assess the need for insurance in managing risk.
4.1.2: Define the basic terminology of insurance.
Performance Indicator 4.2: Investigate types of insurance available in the marketplace.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
4.2.1: Analyze auto‑insurance coverage and factors affecting cost.
4.2.2: Evaluate health‑insurance options.
4.2.3: Explore and assess the need for supplemental‑insurance plans.
Under Development
4.2.4: Assess the need for home‑owners and rental insurance.
Standard 5.0: Determine the value and risk of investments.
Performance Indicator 5.1: Explore investment services offered by a variety of institutions.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
5.1.1: Research institutions involved in regulating investing, including the Securities Exchange Commission (SEC).
Under Development
5.1.2: Examine the difference between investment providers.
Under Development
Performance Indicator 5.2: Evaluate the types of investments available in the marketplace.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
5.2.1: Discuss various markets, major indices, and types of markets.
5.2.2: Describe different types of investments.
5.2.3: Research the purpose of stocks and factors that affect the price.
5.2.4: Investigate the different types of mutual funds.
5.2.5: Explore the different types of bonds, including the issuers and factors affecting price.
5.2.6: Apply investment strategies, including risk vs. return and portfolio management.
Standard 6.0: Determine financial strategies used to meet personal goals.
Performance Indicator 6.1: Determine financial strategies used to meet long‑term financial goals.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
6.1.1: Assess how financial strategies should change with the stages of the individual life cycle.
Under Development
6.1.2: Investigate planning strategies for retirement.
6.1.3: Research financial planning for other long‑term goals.
6.1.4: Discuss the importance and purpose of wills and choosing/designating beneficiaries.
Under Development
6.1.5: Investigate the need for estate planning, including probate, intestate, and inheritance taxes.
Under Development
Performance Indicator 6.2: Evaluate housing options in relation to achieving financial goals.
Standard
Defined by Financial Literacy Model Framework
Banzai Solutions
*Any of the activities below will satisfy the competency
6.2.1: Compare and contrast the actual costs and benefits of renting vs. owning.
6.2.2: Analyze factors in determining mortgage costs.