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Vertically Alligned Released Test Questions

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Vertically Alligned Released Test Questions

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(not assessed in 5th grade)

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Grade 2 identified examples of borrowing and distinguished between responsible and irresponsible borrowing.

Grade 3 explained that credit is used when wants or needs exceed the ability to pay and that it is the borrower's responsibility to pay it back to the lender, usually with interest.

Grade 4 described the basic purpose of financial institutions, including keeping money safe, borrowing money, and lending.

Grade 6 will distinguish between debit cards and credit cards.

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process standards
financial resources
financial security
advantages
disadvantages
methods of payment
check
credit card
debit card
electronic payments

OTHER VOCABULARY

available balance

budget

expense

financial records

gross income

income

income tax

net income

payroll tax

property tax

register

sales tax

transaction

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applies
manage
identify

OTHER VOCABULARY

balance

deduct

deposit

earn

overdraft

purchase

withdraw

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5.10 - The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security.

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5.10 - The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security.

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C - The student is expected to identify the advantages and disadvantages of different methods of payment, including check, credit card, debit card, and electronic payments.