| Code |
Description |
| SS.912.FL.3.1 (Discontinued after 2023-2024): | Discuss the reasons why some people have a tendency to be impatient and choose immediate spending over saving for the future. |
| SS.912.FL.3.2 (Discontinued after 2023-2024): | Examine the ideas that inflation reduces the value of money, including savings, that the real interest rate expresses the rate of return on savings, taking into account the effect of inflation and that the real interest rate is calculated as the nominal interest rate minus the rate of inflation. |
| SS.912.FL.3.3 (Discontinued after 2023-2024): | Compare the difference between the nominal interest rate which tells savers how the dollar value of their savings or investments will grow, and the real interest rate which tells savers how the purchasing power of their savings or investments will grow. |
| SS.912.FL.3.4 (Discontinued after 2023-2024): | Describe ways that money received (or paid) in the future can be compared to money held today by discounting the future value based on the rate of interest. |
| SS.912.FL.3.5 (Discontinued after 2023-2024): | Explain ways that government agencies supervise and regulate financial institutions to help protect the safety, soundness, and legal compliance of the nation’s banking and financial system. |
| SS.912.FL.3.6 (Discontinued after 2023-2024): | Describe government policies that create incentives and disincentives for people to save. |
| SS.912.FL.3.7 (Discontinued after 2023-2024): | Explain how employer benefit programs create incentives and disincentives to save and how an employee’s decision to save can depend on how the alternatives are presented by the employer. |
This cluster includes the following access points.
