Banking: West Virginia Standards Alignment

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

II: Group II - Personal Finance

SPECIFIC EVALUATION CRIT.: SPECIFIC EVALUATION CRIT.

3: Banking

Standards

Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with Banking

1451.3.1: Research financial services provided by banking institutions.

1451.3.2: Explain the difference between a checking and a savings account.

1451.3.3: Prepare bank account documents (e.g., checks deposit/withdraw slips, endorsements, etc.).

1451.3.5: Demonstrate familiarity with online and electronic banking procedures (e.g., recurring payments, bill payments, transfers, bank statements, etc.).

1451.3.6: Discuss the costs and benefits of using alternative financial services relative to traditional banking.

1451.3.9: Explain the time value of money.

5: Credit

Standards

Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with Banking

1451.5.1: Explain how a borrower’s credit score can impact their cost of credit and their ability to obtain credit.

1451.5.8: Describe how failing to repay a loan can negatively impact a person’s finances and life.

6: Savings, Investing, and Risks

Standards

Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with Banking

1451.6.2: Compare the features of regular savings accounts, money market accounts, and CDs.

1451.6.3: Select a preferred location for a savings account based on a comparison of interest rates and fees at different types of financial instructions.