<standards name='OK_PF'><title>Oklahoma Standards in Personal Finance</title><content><![CDATA[<font color='#333333'><p>These standards in personal finance are current as of <b>2008</b>. No Internet connection was detected. When you have an Internet connection, the application will automatically look for updated standards for your state.</p><br><p>View the <a href="asfunction:loadstandard,standards_ok_ve4.xml">State Standards in Economics</a>.</p><br><p>Visit the <a href='asfunction:gotoWebPage,http://ve.councilforeconed.org/library/state-standards.php?state=ok_pf'>web site</a> to learn more.</p><p>----------------------------------------------------------------</p><p class='contentarea'>Content Area: Personal Financial Literacy</p><p>----------------------------------------------------------------</p><p class='contentarea'>Standard: 1.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 1: The student will describe the importance of earning an income and explain how to manage personal income through the use of a budget.</li><li><textformat leftmargin='15'>Evaluate how career choices, educational/vocational preparation, skills, and entrepreneurship affect income and standard of living. </textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145215|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 1.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 1: The student will describe the importance of earning an income and explain how to manage personal income through the use of a budget.</li><li><textformat leftmargin='15'>Identify the components of a personal/family budget based on short, medium, and long term goals</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145216|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 1.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 1: The student will describe the importance of earning an income and explain how to manage personal income through the use of a budget.</li><li><textformat leftmargin='15'>Explain how taxes, employee benefits, and payroll deductions affect income.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145217|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 2.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 2: The student will identify and describe the impact of local, state, and federal taxes upon income and standard of living.</li><li><textformat leftmargin='15'>Identify and explain types of taxes and explain the rea- sons for taxation at the local, state, and federal levels.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145218|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 2.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 2: The student will identify and describe the impact of local, state, and federal taxes upon income and standard of living.</li><li><textformat leftmargin='15'>Explain the importance of meeting tax obligations and describe possible consequences of failing to meet those obligations.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145219|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 3.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 3: The student will describe the functions and uses of banks and other financial service providers.</li><li><textformat leftmargin='15'>Identify and compare the basic types of financial institutions.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145220|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 3.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 3: The student will describe the functions and uses of banks and other financial service providers.</li><li><textformat leftmargin='15'>Describe and compare the most common financial products and services.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145221|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 4.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 4: The student will demonstrate the ability to balance a checkbook and reconcile financial accounts.</li><li><textformat leftmargin='15'>Explain the reasons for balancing a checkbook and reconciling an account statement.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145222|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 4.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 4: The student will demonstrate the ability to balance a checkbook and reconcile financial accounts.</li><li><textformat leftmargin='15'>Develop and apply banking account management skills.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145223|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 5.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 5: The student will analyze the costs and benefits of saving and investing.</li><li><textformat leftmargin='15'>Explain reasons for saving and investing to meet goals and build wealth.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145224|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 5.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 5: The student will analyze the costs and benefits of saving and investing.</li><li><textformat leftmargin='15'>Identify and compare the costs and benefits of various investment strategies.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145225|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 6.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 6: The student will explain and evaluate the importance of planning for retirement.</li><li><textformat leftmargin='15'>Describe the necessity of accumulating financial resources needed for specific retirement goals, activities, and lifestyles, based on life expectancy and how inflation affects investment growth.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145226|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 6.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 6: The student will explain and evaluate the importance of planning for retirement.</li><li><textformat leftmargin='15'>Explain the roles of Social Security, employer retirement plans, and personal investments as sources of retirement income.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145227|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 7.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 7: The student will identify the procedures and analyze the responsibilities of borrowing money.</li><li><textformat leftmargin='15'>Identify and analyze sources of credit and credit products.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145228|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 7.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 7: The student will identify the procedures and analyze the responsibilities of borrowing money.</li><li><textformat leftmargin='15'>Identify standard loan practices, predatory lending practices and legal debt collection practices.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145229|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 7.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 7: The student will identify the procedures and analyze the responsibilities of borrowing money.</li><li><textformat leftmargin='15'>Explain the importance of establishing a positive credit history describe information contained in a credit report, and explain the factors that affect a credit score.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145230|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 7.4</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 7: The student will identify the procedures and analyze the responsibilities of borrowing money.</li><li><textformat leftmargin='15'>Explain how the terms of a loan affect the cost of credit.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145231|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 8.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 8: The student will describe and explain interest, credit cards, and online commerce.</li><li><textformat leftmargin='15'>Compare costs and benefits of using credit cards and making online purchases.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145232|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 8.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 8: The student will describe and explain interest, credit cards, and online commerce.</li><li><textformat leftmargin='15'>Evaluate options for payments on credit cards.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145233|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 9.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 9: The student will identify and explain consumer fraud and identify theft.</li><li><textformat leftmargin='15'>Describe unfair, deceptive, or fraudulent business practices.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145234|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 10.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 10: The student will explain and compare the responsibilities of renting versus buying a home.</li><li><textformat leftmargin='15'>Compare the costs and benefits of renting versus buying a home.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145237|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 10.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 10: The student will explain and compare the responsibilities of renting versus buying a home.</li><li><textformat leftmargin='15'>Explain the elements of a mortgage types of lenders; and fixed or adjustable rate mortgage loans.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145239|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 11.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 11: the student will describe and explain how various types of insurance can be used to manage risk.</li><li><textformat leftmargin='15'>Explain the purpose and importance of insurance protection as a risk management strategy.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145241|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 11.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 11: the student will describe and explain how various types of insurance can be used to manage risk.</li><li><textformat leftmargin='15'>Examine appropriate amounts of insurance and how insurance deductibles work.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145242|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 12.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 12: The student will explain and evaluate the financial impact and consequences of gambling.</li><li><textformat leftmargin='15'>Analyze the probabilities involved in winning at games of chance.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145243|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 12.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 12: The student will explain and evaluate the financial impact and consequences of gambling.</li><li><textformat leftmargin='15'>Evaluate costs and benefits of gambling to individuals and society.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145244|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 13.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 13: The student will evaluate the con- sequences of bankruptcy.</li><li><textformat leftmargin='15'>Assess the costs and benefits of bankruptcy to indi- viduals, families, and society.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145245|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 13.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 13: The student will evaluate the con- sequences of bankruptcy.</li><li><textformat leftmargin='15'>Examine ways to prevent bankruptcy and identify alternatives to bankruptcy.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145246|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 13.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 13: The student will evaluate the con- sequences of bankruptcy.</li><li><textformat leftmargin='15'>Explain the importance of reestablishing a positive credit history and steps to improve a credit score after bankruptcy.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145247|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 14.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grades 7-12</p><br><li>STANDARD 14: The student will explain the costs and benefits of charitable giving.</li><li><textformat leftmargin='15'>Identify types of charitable giving.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,145248|false|false|true|true|||'>Find lessons that meet this standard >></a></p></textformat><br></font>]]>
</content>
<correlations>
<standard id='145215'>15429,20806,20811,68142,56530,68237,56529,17809,56531,60214,60259,68277,60335,15952,60333,67736,20863,60315,67764,17813,154,719,994,203,1011,650,602,94,702,305,</standard>
<standard id='145216'>17811,67858,56529,60214,68278,65743,68235,68238,56530,68141,17813,15952,68282,15953,17812,68094,68239,67878,62224,60316,707,792,346,469,94,113,650,306,702,17,</standard>
<standard id='145217'>17811,67858,56529,60214,68278,65743,68235,68238,56530,68141,17813,15952,68282,15953,17812,68094,68239,67878,62224,60316,707,792,346,469,94,113,650,306,702,17,</standard>
<standard id='145218'>67756,60260,15433,17829,67757,68107,15963,68111,15961,68031,62259,62269,62270,17832,65720,62615,62277,62256,17831,62255,459,190,184,29,319,997,38,615,700,1012,</standard>
<standard id='145219'>17811,67858,56529,60214,68278,65743,68235,68238,56530,68141,17813,15952,68282,15953,17812,68094,68239,67878,62224,60316,707,792,346,469,94,113,650,306,702,17,</standard>
<standard id='145220'>60228,68110,60253,68242,15960,62645,65690,62602,65723,62584,60261,67754,67747,17828,62143,56533,68042,60252,60232,68295,918,476,367,348,391,515,702,700,691,542,</standard>
<standard id='145221'>68243,60223,68297,62144,68242,68104,60217,68244,68246,17810,68300,20829,65690,60222,62645,60234,68094,60254,68097,68095,84,36,37,603,175,388,515,847,570,547,</standard>
<standard id='145222'>17811,67858,56529,60214,68278,65743,68235,68238,56530,68141,17813,15952,68282,15953,17812,68094,68239,67878,62224,60316,707,792,346,469,94,113,650,306,702,17,</standard>
<standard id='145223'>17811,67858,56529,60214,68278,65743,68235,68238,56530,68141,17813,15952,68282,15953,17812,68094,68239,67878,62224,60316,707,792,346,469,94,113,650,306,702,17,</standard>
<standard id='145224'>60217,68297,68243,60223,68094,20829,17810,68300,62144,68241,68244,68246,63120,68242,17812,60218,68287,68239,60227,68245,36,388,698,37,84,603,515,175,847,570,</standard>
<standard id='145225'>68094,68243,68297,60223,60217,67738,17813,68287,62454,62512,68245,68104,60213,60227,60218,60234,68306,68307,68239,68295,36,388,553,691,558,305,346,702,707,121,</standard>
<standard id='145226'>68243,68246,17810,68297,60223,20829,68300,68242,68244,60217,62144,68094,15962,68307,68306,68104,63120,68241,20828,68107,36,515,37,603,175,388,847,570,84,353,</standard>
<standard id='145227'>68094,60217,68243,60223,68297,68239,68278,68295,68287,17812,17813,67878,68305,60212,60215,63120,20829,68246,17810,62144,388,36,707,121,702,691,157,558,305,346,</standard>
<standard id='145228'>62144,68300,68242,68297,17810,68246,68244,20829,67734,60226,62602,17812,60225,68239,68111,68247,60222,15962,62606,62276,36,37,388,175,603,847,26,515,84,570,</standard>
<standard id='145229'>68094,68297,60234,17812,68295,68244,17810,67878,20829,68246,60217,62144,68239,60223,68104,68305,68306,68302,68242,68243,388,36,45,570,26,603,515,847,121,84,</standard>
<standard id='145230'>68239,68302,67878,17812,68305,68094,68295,20829,62144,68297,17810,68246,68244,68242,68300,67851,68095,68111,68247,60222,36,388,121,157,346,162,45,702,603,84,</standard>
<standard id='145231'>68297,20829,68244,62144,68246,68242,68300,17810,68243,60223,68094,68306,68104,60217,60225,68097,60222,62645,62640,60254,36,37,515,847,388,175,570,603,84,702,</standard>
<standard id='145232'>60226,17812,68094,68238,68235,17811,68278,15851,68097,17810,62450,60225,67915,67914,17795,17796,67916,67917,68057,65740,702,346,157,388,45,121,162,792,707,94,</standard>
<standard id='145233'>62144,68300,68242,68297,17810,68246,68244,20829,67734,60226,62602,17812,60225,68239,68111,68247,60222,15962,62606,62276,36,37,388,175,603,847,26,515,84,570,</standard>
<standard id='145234'>68297,68110,60234,68306,68094,68104,17810,20829,60223,62144,60217,68244,68242,68246,68243,68300,67851,60213,67734,67738,36,37,847,84,175,388,515,570,26,603,</standard>
<standard id='145237'>67915,67670,56531,17818,67916,56532,17795,67668,67669,15424,67667,56534,56533,60226,20851,60224,17798,20810,67914,17811,581,346,759,271,773,582,341,162,592,121,</standard>
<standard id='145239'>68243,68297,60223,68094,68104,68306,20828,20829,20825,17810,68244,68246,68242,60217,62144,68300,62273,68097,68095,68106,84,36,37,175,570,388,515,847,603,157,</standard>
<standard id='145241'>68110,68296,65740,67738,65741,65742,65743,62142,60227,62512,60223,68104,68243,60218,68245,60213,60217,68291,68306,68106,354,533,476,543,264,312,553,719,501,725,</standard>
<standard id='145242'>68110,65743,65741,65740,68296,65742,65685,65686,65684,65601,65602,65603,65604,65687,65689,65693,65717,65718,65692,65691,312,354,227,218,228,230,201,231,206,229,</standard>
<standard id='145243'>67738,60217,60213,60218,60223,62512,60227,68245,68243,68104,68094,68106,68110,68291,62142,20801,65740,68306,62454,68296,476,543,533,264,553,479,725,727,719,469,</standard>
<standard id='145244'>20801,65740,68094,67668,67669,67915,68289,67670,17818,17795,15424,67667,56534,67917,67916,56532,56533,56531,60226,17817,543,476,582,773,271,759,346,581,354,376,</standard>
<standard id='145245'>67915,67670,56531,17818,67916,56532,17795,67668,67669,15424,67667,56534,56533,60226,20851,60224,17798,20810,67914,17811,581,346,759,271,773,582,341,162,592,121,</standard>
<standard id='145246'>17811,67858,56529,60214,68278,65743,68235,68238,56530,68141,17813,15952,68282,15953,17812,68094,68239,67878,62224,60316,707,792,346,469,94,113,650,306,702,17,</standard>
<standard id='145247'>62144,68300,68242,68297,17810,68246,68244,20829,67734,60226,62602,17812,60225,68239,68111,68247,60222,15962,62606,62276,36,37,388,175,603,847,26,515,84,570,</standard>
<standard id='145248'>67915,67670,56531,17818,67916,56532,17795,67668,67669,15424,67667,56534,56533,60226,20851,60224,17798,20810,67914,17811,581,346,759,271,773,582,341,162,592,121,</standard>
</correlations>
</standards>
