Explore and analyze financial problems using appropriate technology tools. Apply mathematical concepts to make informed decisions about how to earn, track, save, borrow, share and invest money, while considering a range of acceptable solutions as well as constraints which may affect individual and generational wealth, in various cultures, especially in historical and contemporary Dakota and Anishinaabe communities.
Anchor Standard 11 emphasizes financial literacy.
Students will learn about credit, needs/wants, financial decision making. They will learn about the purpose of financial institutions. Finally, they will make change up to $20.
Explain that credit is used when wants or needs exceed the ability to pay and that it is the borrower’s responsibility to pay it back to the lender, usually with interest.
Identify decisions involving income, spending, saving, credit and charitable giving.
Describe the basic purpose of financial institutions, including keeping money safe, borrowing money and lending.
Make change up to $20 dollars using place values, using $ and ¢ symbols appropriately.