# CTE Resource Center - Verso - Office Administration Related NBEA Achievement Standards for Personal Finance

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Related NBEA Achievement Standards for Personal Finance

NBEA Achievement Standards for Personal Finance

NBEA (National Business Education Association) standards have been correlated to ensure that students and adults are afforded equal access to fundamental business knowledge and skills and, therefore, an equal opportunity for success in life" (National Standards for Business Education, NBEA, 2007).

Analyze factors that affect the choice of credit, the cost of credit, and the legal aspects of using credit.

 

Analyze the sources of assistance for debt management.

 

Compare and contrast the legal aspects of different forms of credit (e.g., title transfer, responsibility limits, collateral requirements, and co-signing).

 

Describe the risks and responsibilities associated with using credit.

 

Identify strategies for effective debt management.

 

Research rights and responsibilities of consumers according to credit legislation (e.g., truth-in-lending, fair credit reporting, equal credit opportunity, and fair debt collection).