TEKS: Chapter 111. Mathematics See All Teacher Resources

111.4.b.11

(11) 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.