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) distinguish between fixed and variable expenses;
(B) calculate profit in a given situation;
(C) compare the advantages and disadvantages of various savings options;
(D) describe how to allocate a weekly allowance among spending; saving, including for college; and sharing; and
(E) describe the basic purpose of financial institutions, including keeping money safe, borrowing money, and lending.