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National Standards in K-12 Personal Finance Education |
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Page 16 of 19 Risk Management and InsuranceKnowledge StatementsThese statements show relationships among the key concepts underlying the standards and expectations. They provide further guidance for publishers as they develop and revise curricula and for educators as they select classroom materials and plan lessons. The statements are by no means an exhaustive outline of personal finance instruction. They merely suggest the scope of, and relationships among, the topics that the standards cover. - Overall Competency
Use appropriate and cost-effective risk management strategies.
| 4th Grade | 8th Grade | 12th Grade | | | 4th grade student can: Risk is a part of daily life. People have choices for dealing with risk. | 8th grade student can: Risk management strategies include risk avoidance, risk control, and risk transfer through insurance. Laws and regulations exist to protect consumers from a variety of seller and lender abuses. | High school graduate can: People purchase insurance to transfer the risk of financial loss. Online transactions can make consumers vulnerable to privacy infringement and identity theft. |
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