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:

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(A)  calculate how money saved can accumulate into a larger amount over time;

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(B)  explain that saving is an alternative to spending;

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(C)  distinguish between a deposit and a withdrawal;

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(D)  identify examples of borrowing and distinguish between responsible and irresponsible borrowing;

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(E)  identify examples of lending and use concepts of benefits and costs to evaluate lending decisions; and

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(F)  differentiate between producers and consumers and calculate the cost to produce a simple item.