Personal financial literacy. The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security. The student is expected to:
(A) calculate how money saved can accumulate into a larger amount over time;
(B) explain that saving is an alternative to spending;
(C) distinguish between a deposit and a withdrawal;
(D) identify examples of borrowing and distinguish between responsible and irresponsible borrowing;
(E) identify examples of lending and use concepts of benefits and costs to evaluate lending decisions; and
(F) differentiate between producers and consumers and calculate the cost to produce a simple item.