# CTE Resource Center - Verso - Independent Living Task 871652959

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Evaluate personal banking services.

Definition

Evaluation should include
  • identifying the products and services offered (e.g., saving, borrowing)
  • assessing personal banking needs
  • comparing financial institutions in terms of personal banking needs, including determining
    • interest rates
    • fees
    • customer relations practices and policies.

Process/Skill Questions

Thinking
  • Why is it important to research information on financial institutions?
  • Why should you explore the benefits of beginning a relationship with a financial institution when you are young?
  • What are the most important facts to learn before doing business with any financial institution?
Communication
  • What resources could be used to explore financial institutions and their services?
  • How can family members affect your financial decisions?
  • Who can you speak with regarding financial institution services?
  • How should you handle a dispute over a customer-relations practice or policy?
Leadership
  • What strategies could you use to evaluate financial service providers?
  • How do choices concerning financial services effect family members?
  • Why is it important for each family member to assess his or her own personal banking needs?
Management
  • What are the effects of poor financial planning?
  • What are the risks and rewards associated with financial investments?
  • How do you determine where to save your money (e.g., under the mattress, in a savings account, investments)?
  • How are interest rates calculated?

Related Standards of Learning

English

8.6

The student will read, comprehend, and analyze a variety of nonfiction texts.
  1. Identify an author’s organizational pattern using textual clues, such as transitional words and phrases.
  2. Apply knowledge of text features and organizational patterns to analyze selections.
  3. Skim materials to develop an overview or locate information.
  4. Make inferences and draw conclusions based on explicit and implied information using evidence from text as support.
  5. Analyze the author’s qualifications, viewpoint, word choice, and impact.
  6. Analyze details for relevance and accuracy.
  7. Differentiate between fact and opinion.
  8. Identify the main idea.
  9. Summarize the text identifying supporting details.
  10. Identify cause and effect relationships.
  11. Evaluate, organize, and synthesize information for use in written and other formats.
  12. Analyze ideas within and between selections providing textual evidence.
  13. Use reading strategies to monitor comprehension throughout the reading process.

9.5

The student will read and analyze a variety of nonfiction texts.
  1. Apply knowledge of text features and organizational patterns to understand, analyze, and gain meaning from texts.
  2. Make inferences and draw conclusions based on explicit and implied information using evidence from text as support.
  3. Analyze the author’s qualifications, viewpoint, and impact.
  4. Recognize an author’s intended purpose for writing and identify the main idea.
  5. Summarize, paraphrase, and synthesize ideas, while maintaining meaning and a logical sequence of events, within and between texts.
  6. Identify characteristics of expository, technical, and persuasive texts.
  7. Identify a position/argument to be confirmed, disproved, or modified.
  8. Evaluate clarity and accuracy of information.
  9. Analyze, organize, and synthesize information in order to solve problems, answer questions, complete a task, or create a product.
  10. Differentiate between fact and opinion and evaluate their impact.
  11. Analyze ideas within and between selections providing textual evidence.
  12. Use the reading strategies to monitor comprehension throughout the reading process.

10.5

The student will read, interpret, analyze, and evaluate nonfiction texts.
  1. Analyze text features and organizational patterns to evaluate the meaning of texts.
  2. Recognize an author’s intended audience and purpose for writing.
  3. Skim materials to develop an overview and locate information.
  4. Compare and contrast informational texts for intent and content.
  5. Interpret and use data and information in maps, charts, graphs, timelines, tables, and diagrams.
  6. Draw conclusions and make inferences on explicit and implied information using textual support as evidence.
  7. Analyze and synthesize information in order to solve problems, answer questions, and generate new knowledge.
  8. Analyze ideas within and between selections providing textual evidence.
  9. Summarize, paraphrase, and synthesize ideas, while maintaining meaning and a logical sequence of events, within and between texts.
  10. Use reading strategies throughout the reading process to monitor comprehension.

11.5

The student will read, interpret, analyze, and evaluate a variety of nonfiction texts including employment documents and technical writing.
  1. Apply information from texts to clarify understanding of concepts.
  2. Read and correctly interpret an application for employment, workplace documents, or an application for college admission.
  3. Analyze technical writing for clarity.
  4. Paraphrase and synthesize ideas within and between texts.
  5. Draw conclusions and make inferences on explicit and implied information using textual support.
  6. Analyze multiple texts addressing the same topic to determine how authors reach similar or different conclusions.
  7. Analyze false premises, claims, counterclaims, and other evidence in persuasive writing.
  8. Recognize and analyze use of ambiguity, contradiction, paradox, irony, sarcasm, overstatement, and understatement in text.
  9. Generate and respond logically to literal, inferential, evaluative, synthesizing, and critical thinking questions about the text(s).

12.5

The student will read, interpret, analyze, and evaluate a variety of nonfiction texts.
  1. Use critical thinking to generate and respond logically to literal, inferential, and evaluative questions about the text(s).
  2. Identify and synthesize resources to make decisions, complete tasks, and solve specific problems.
  3. Analyze multiple texts addressing the same topic to determine how authors reach similar or different conclusions.
  4. Recognize and analyze use of ambiguity, contradiction, paradox, irony, overstatement, and understatement in text.
  5. Analyze false premises claims, counterclaims, and other evidence in persuasive writing.

Other Related Standards

FCCLA National Programs

Families First: Families Today

 

Families First: Meet the Challenge

 

Financial Fitness: Protecting

 

Financial Fitness: Saving

 

Financial Fitness: Spending

 

Power of One: A Better You

 

FCCLA: STAR Events (2019)

National Programs in Action

 

Professional Presentation

 

National Standards for Family and Consumer Sciences Education

2.3.2

Analyze how policies become laws relating to consumer rights.

2.4.3

Assess the use of technology and its effect on quality of life.

2.5.3

Analyze economic effects of laws and regulations that pertain to consumers and providers of services.

2.6.1

Evaluate the need for personal and family financial planning.

2.6.4

Evaluate personal and legal documents related to effective management of individual and family finances.

3.3.1

Explain the effects of the economy on personal income, individual and family security, and consumer decisions.

3.3.3

Analyze the effect of consumer credit on short- and long-term financial planning.

3.3.4

Compare investment and savings alternatives.

3.3.5

Examine the effects of risk management strategies on long-term financial planning.