USING FINANCIAL INSTITUTIONS

Explore the big idea of financial institutions and the associated concepts, competencies, and academic standards at various grade levels.

 

Big Idea & Essential Questions

Financial institutions offer services for people to secure, access, and transfer their money.

  • How do people choose and use financial services?

  • In what ways do people safeguard their financial assets and information?

 

Core Concepts & Competencies

Within the Pennsylvania Personal Finance Instructional Framework, the big idea of financial institutions includes three core concepts. The competencies for each can be found below or download the PDF version which includes a correlation to the Pennsylvania Academic Standards.

  • Financial Institutions

  • Financial Services

  • Identity Theft

 

High School (Grades 9-12)

Financial Institutions: Analyze the functions of the Federal Reserve and other financial institutions.

Financial Services: Analyze and complete a financial application.

Identity Theft: Assess the impact of identity theft.

 

Middle School (Grades 6-8)

Financial Institutions: Compare advantages and disadvantages of different financial institutions relating to saving, investing, and borrowing.

Financial Services: Compare financial services considering costs and benefits of each.

Identity Theft: Examine steps to minimize exposure to identity theft.

 

Elementary (Grades 3-5)

Financial Services: Explain the differences between a checking and savings account.

Identity Theft: Discuss potential consequences of disclosing personal information.

 

Primary (Pre-Kindergarten to Grade 2)

Financial Institutions: Describe financial institutions in the community.

Financial Services: Identify places children and adults put their money to keep it safe.

Identity Theft: Identify information that is personal and ways to keep it secure.