See all 9th-12th Grades Standards
Banking

Banking

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

Financial Literacy Standards

9.4: Managing Credit

12.1: Borrowers can compare the cost of credit using the Annual Percentage Rate (APR) and other terms in the loan or credit card contract.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Banking
12.1.a: Describe how credit card grace periods, methods of interest calculation, and fees affect borrowing costs.
12.1.b: Compare the cost of borrowing $1,000 using consumer credit options that differ in rates and fees.

12.2: Loans that are secured by collateral have lower interest rates than unsecured loans because they are less risky to lenders.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Banking
12.2.a: Give examples of unsecured and secured loans.
12.2.b: Explain why lenders charge lower interest rates on secured loans than on unsecured loans.

12.8: A credit score is a numeric rating that assesses a person's credit risk based on information in their credit report.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Banking
12.8.a: Identify the main factors that are included in credit score calculations.
12.8.b: Explain how a borrower's credit score can impact their cost of credit and their ability to get credit.