Unit 4: Personal Finance
SSEPF2 Explain that banks and other financial institutions are businesses which channel funds from savers
to investors.
A. Compare services offered by different financial institutions.
B. Explain reasons for the spread between interest charged
and interest earned.
C. Give examples of the direct relationship between risk and
return.
D. Evaluate a variety of savings and investment options,
including stocks, bonds and mutual funds.
SSEPF4 Evaluate the costs and benefits of using credit.
A. List factors that affect credit worthiness.
B. Compare interest rates on loans and credit cards from
different institutions.
C. Explain the difference between simple and compound
interest rates.
SSEPF5 Describe how insurance and other risk-management strategies protect against financial loss.
A. List various types of insurance such as automobile, health,
life, disability, and property.
B. Explain the costs and benefits associated with different
types of insurance; include deductibles, premiums, shared
liability, and asset protection.
to investors.
A. Compare services offered by different financial institutions.
B. Explain reasons for the spread between interest charged
and interest earned.
C. Give examples of the direct relationship between risk and
return.
D. Evaluate a variety of savings and investment options,
including stocks, bonds and mutual funds.
SSEPF4 Evaluate the costs and benefits of using credit.
A. List factors that affect credit worthiness.
B. Compare interest rates on loans and credit cards from
different institutions.
C. Explain the difference between simple and compound
interest rates.
SSEPF5 Describe how insurance and other risk-management strategies protect against financial loss.
A. List various types of insurance such as automobile, health,
life, disability, and property.
B. Explain the costs and benefits associated with different
types of insurance; include deductibles, premiums, shared
liability, and asset protection.
Do Nows
Unit Vocabulary
- Bank
- Credit Union
- Savings and Loan
- Payday Loan Company
- Risk
- Stocks
- Bonds
- Mutual funds
- Credit
- Credit worthiness
- Interest
- Simple interest
- Compound interest
- Insurance
- Deductible
- Premium
- Shared liability
- Asset protection
- Annual Percentage Rate (APR)
- Credit Report
- Financial Risk
- Market Price Risk
- Liquidity Risk
- Inflation Risk
- Fraud Risk
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