# CTE Resource Center - Verso - Economics and Personal Finance Task 1615847302

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Explain costs and income sources for investments.

Definition

Costs include finance charges, annual percentage rates, broker/investment advisor fees and commissions, mutual fund fees, transaction fees, and market losses. Income sources for investments could include savings, gifts, inheritances, and market gains.

Other Related Standards

Economics and Personal Finance Standards of Learning

EPF.18

The student will demonstrate knowledge of investment and savings planning by
  1. comparing the impact of simple interest vs. compound interest on savings;
  2. comparing and contrasting investment and savings options;
  3. explaining costs and income sources for investments;
  4. examining the fundamental workings of Social Security and the system's effects on retirement planning;
  5. contrasting alternative retirement plans; and
  6. describing how the stock market works.

FBLA Competitive Events and Activities Areas

Accounting I

 

Accounting II

 

Banking and Financial Systems

 

Business Calculations

 

Business Math

 

Economics

 

Introduction to Business

 

Personal Finance

 

Securities and Investments