Banking and FinanceWVEIS 1405
This area of study is designed to provide students with the knowledge and skills needed to maximize their earning potential, develop strategies for managing financial resources, and gain insight into different methods of investing. Students will utilize problem-solving techniques and participate in hands-on activities to develop an understanding of course concepts. Teachers should provide each student with real world learning opportunities and instruction related to business and financial occupations. Students are encouraged to become active members of the student organizations, FBLA or DECA. The West Virginia Standards for 21st Century Learning include the following components: 21st Century Content Standards and 21st Century Learning Skills and Technology Tools. All West Virginia teachers are responsible for classroom instruction that integrates learning skills, technology tools, and content standards and objectives.
Grade 9-12
/Banking and Finance
Standard: 1 / Careers in Banking and FinanceBE.S.BKFN.1 / Students will identify traits in banking and finance careers.
Objectives / Students will
BE.O.BKFN.1.1 / use appropriate terminology.
BE.O.BKFN.1.2 / maintain ethical character traits such as honesty, integrity, compassion, respect, responsibility, citizenship and justice.
BE.O.BKFN.1.3 / recognize careers in banking and finance.
BE.O.BKFN.1.4 / develop job search strategies such asInternet searches, resumes, application/follow-up letters, completing job applications, and interviewing skills.
Performance Descriptors (BE.PD.BKFN.1)
Above Mastery / Mastery / Partial Mastery
The student demonstrates exceptional and exemplary performance with distinctive and sophisticated application of knowledge and skills that exceed the standard in identifying traits in banking and finance careers. The student can express appropriate terminology;model ethical character traits such as honesty, integrity, compassion, respect, responsibility, citizenship and justice;access careers in banking and finance;and acquire job search strategies such as Internet searches, resumes, application/follow-up letters, completing job applications, and interviewing skills. The student can independently solve problems and is self-directed. / The student demonstrates competent and proficient performance and shows a thorough and effective application of knowledge and skills that meet the standard inidentifying traits in banking and finance careers. The student can use appropriate terminology; maintain ethical character traits such as honesty, integrity, compassion, respect, responsibility, citizenship and justice;recognize careers in banking and finance;and develop job search strategies such as Internet searches, resumes, application/follow-up letters, completing job applications, and interviewing skills. Application of knowledge and skills is thorough and effective and the student can work independently. / The student demonstrates basic but inconsistent performance of fundamental knowledge and skills characterized by errors and/or omissionsidentifying traits in banking and finance careers. The student can understand appropriate terminology;maintain ethical character traits such as honesty, integrity, compassion, respect, responsibility, citizenship and justice;name careers in banking and finance;andunderstand job search strategies such as Internet use, resumes, application/follow-up letters, completing job applications, and interviewing skills. Performance needs further development and supervision.
Standard: 2 / Saving and Investing
BE.S.BKFN.2 / Students will differentiate between saving and investing.
Objectives / Students will
BE.O.BKFN.2.1 / describe differences between saving and investing.
BE.O.BKFN.2.2 / discuss the need for and risks of investing.
BE.O.BKFN.2.3 / describe wise investment strategies for the present and the future.
BE.O.BKFN.2.4 / identify options and criteria for choosing investments.
BE.O.BKFN.2.5 / explain uses of technology in the investment industry.
BE.O.BKFN.2.6 / identify various types of stock.
BE.O.BKFN.2.7 / identify various types of mutual funds.
Performance Descriptors (BE.PD.BKFN.2)
Above Mastery / Mastery / Partial Mastery
The student demonstrates exceptional and exemplary performance with distinctive and sophisticated application of knowledge and skills that exceed the standard in differentiating between saving and investing. The student can express differences between saving and investing; interpret the need for and risks of investing;assess wise investment strategies for the present and the future; evaluate options and criteria for choosing investments; appraise the use of technology in the investment industry;and select various types of stock and mutual funds. The student can independently solve problems and is self-directed. / The student demonstrates competent and proficient performance and shows a thorough and effective application of knowledge and skills that meet the standard in differentiating between saving and investing. The student can describe differences between saving and investing;discuss the need for and risks of investing;describewise investment strategies for the present and the future;identify options and criteria for choosing investments;explain uses of technology in the investment industry;and identifyvarious types of stock and mutual funds. Application of knowledge and skills is thorough and effective and the student can work independently. / The student demonstrates basic but inconsistent performance of fundamental knowledge and skills characterized by errors and/or omissions differentiating between saving and investing. The studentcan understand the differences between saving and investing;label the need for and risks of investing;list wise investment strategies for the present and the future; identifyoptions and criteria for choosing investments;explain uses of technology in the investment industry;and identify various types of stock and mutual funds. Performance needs further development and supervision.
Standard: 3 / Banking and the Economy
BE.S.BKFN.3 / Students will explain the functions of banks and their role in the economy.
Objectives / Students will
BE.O.BKFN.3.1 / explain the main functions of banks.
BE.O.BKFN.3.2 / identify types of banks (traditional and non-traditional) and their services .
BE.O.BKFN.3.3 / explain how banks acquire their money to do business.
BE.O.BKFN.3.4 / identify government regulations of the banking industry.
BE.O.BKFN.3.5 / compute simple and compound interest.
BE.O.BKFN.3.6 / research banks’ innovative use of technology involving day-to-day transactions and security issues such as magnetic ink character recognition.
BE.O.BKFN.3.7 / write checks, maintain a checkbook balance, and compute a bank reconciliation statement.
Performance Descriptors (BE.PD.BKFN.3)
Above Mastery / Mastery / Partial Mastery
The student demonstrates exceptional and exemplary performance with distinctive and sophisticated application of knowledge and skills that exceed the standard in explaining the functions of banks and their role in the economy. The student can critique the main functions of banks;evaluate types of banks (traditional and non-traditional) and their services;justify how banks acquire their money to do business; evaluate government regulations of the banking industry;generate simple and compound interest; appraise banks’ innovative use of technology involving day-to-day transactions and security issues such as magnetic ink character recognition;and accurately write checks, maintains a checkbook balance, and compute a bank reconciliation statement. The student can independently solve problems and is self-directed. / The student demonstrates competent and proficient performance and shows a thorough and effective application of knowledge and skills that meet the standard in explaining the functions of banks and their role in the economy. The student can explain the main functions of banks;identify types of banks (traditional and non-traditional) and their services; explain how banks acquire their money to do business; classifygovernment regulations of the banking industry;compute simple and compound interest; researchbanks’ innovative use of technology involving day-to-day transactions and security issues such as magnetic ink character recognition; and write checks, maintains a checkbook balance, and compute a bank reconciliation statement. Application of knowledge and skills is thorough and effective and the student can work independently. / The student demonstrates basic but inconsistent performance of fundamental knowledge and skills characterized by errors and/or omissions explaining the functions of banks and their role in the economy. The student can definethe main functions of banks; label types of banks (traditional and non-traditional) and their services; summarize how banks acquire their money to do business; review government regulations of the banking industry; figure simple and compound interest; find banks’ innovative use of technology involving day-to-day transactions and security issues such as magnetic ink character recognition; and write checks, maintain a checkbook balance, and compute a bank reconciliation statement. Performance needs further development and supervision.
Standard: 4 / Federal Reserve System
BE.S.BKFN.4 / Students will analyze the Federal Reserve System and monetary policy.
Objectives / Students will
BE.O.BKFN.4.1 / identify the organization of the Federal Reserve System.
BE.O.BKFN.4.2 / recognize the functions of the Federal Reserve System.
BE.O.BKFN.4.3 / assess the role of the Federal Reserve System monetary policy and its influence on the banking system.
BE.O.BKFN.4.4 / research factors that influence the economy.
Performance Descriptors (BE.PD.BKFN.4)
Above Mastery / Mastery / Partial Mastery
The student demonstrates exceptional and exemplary performance with distinctive and sophisticated application of knowledge and skills that exceed the standard in analyzing the Federal Reserve System and monetary policy. The student can recognize the organization of the Federal Reserve System; interpret the functions of the Federal Reserve System; compare and contrast the role of the Federal Reserve System’s monetary policy and its influence on the banking system; and predict factors that influence the economy. The student can independently solve problems and is self-directed. / The student demonstrates competent and proficient performance and shows a thorough and effective application of knowledge and skills that meet the standard in analyzing the Federal Reserve System and monetary policy. The student can identify the organization of the Federal Reserve System; recognize the functions of the Federal Reserve System;assess the role of the Federal Reserve System’s monetary policy and its influence on the banking system; and research factors that influence the economy. Application of knowledge and skills is thorough and effective and the student can work independently. / The student demonstrates basic but inconsistent performance of fundamental knowledge and skills characterized by errors and/or omissions analyzing the Federal Reserve System and monetary policy. The student can illustrate the organization of the Federal Reserve System; review the functions of the Federal Reserve System; discuss the role of the Federal Reserve System’s monetary policy and its influence on the banking system; and list factors that influence the economy. Performance needs further development and supervision.
Standard: 5 / Participating in a LocalStudent Organization
BE.S.BKFN.5 / Students will participate in a local student organization.
Objectives / Students will
BE.O.BKFN.5.1 / assess the purposes and goals of the local student organization.
BE.O.BKFN.5.2 / discover the benefits and responsibilities of participation in student organization as an adult.
BE.O.BKFN.5.3 / demonstrate leadership skills through participation in student organization activities such as meetings, programs, and projects.
Performance Descriptors (BE.PD.BKFN.5)
Above Mastery / Mastery / Partial Mastery
The student demonstrates exceptional and exemplary performance with distinctive and sophisticated application of knowledge and skills that exceed the standard in participating in the local student organization. The student can assessthe purposes and goals of a local student organization; and evaluatethe benefits and responsibilities of participation in a local student organization as an adult; and incorporate leadership skills through participation in local student organization activities such as meetings, programs, and projects. The student can independently solve problems and is self-directed. / The student demonstrates competent and proficient performance and shows a thorough and effective application of knowledge and skills that meet the standard in participating in the student organization. The student can assess the purposes and goals of the local student organization; anddiscover the benefits and responsibilities of participation in a local student organization as an adult; anddemonstrateleadership skills through participation in local student organization activities such as meetings, programs, and projects. Application of knowledge and skills is thorough and effective, and the student can work independently. / The student demonstrates basic but inconsistent performance of fundamental knowledge and skills characterized by errors and/or omissions in participating in the student organization. The student can identify the purposes and goals of the local student organization; explain the benefits and responsibilities of participation in a local student organization as an adult; and discuss leadership skills through participation in local student organization activities such as meetings, programs, and projects. Performance needs further development and supervision.
Standard: 6 / Literacy and Numeracy
BE.S.BKFN.6 / Students will demonstrate the literacy and numeracy skills required to solve complex, real-world problems associated with their career/technical content area and improve their thinking and reasoning skills.
Objectives / Students will
BE.O.BKFN.6.1 / utilize a variety of technical sources (e.g., Internet, manuals, journals, directions, reports, etc.) to complete career/technical assignments and projects.
BE.O.BKFN.6.2 / demonstrate writing skills required to complete career/technical assignments and projects.
BE.O.BKFN.6.3 / demonstrate accuracy in calculating and measuring graphical work required to complete career/technical assignments and projects.
BE.O.BEFN.6.4 / analyze tables, charts, graphs and multiple data sources to complete career/technical assignments and projects.
Performance Descriptors (BE.PD.BKFN.6)
Above Mastery / Mastery / Partial Mastery
The student demonstrates exceptional and exemplary performance with distinctive and sophisticated application of knowledge and skills that exceed the standard in literacy and numeracy. The student chooses a variety of technical sources (e.g., Internet, manuals, journals, directions, reports, etc.) to complete career/technical assignments and projects; performs writing skills required to complete career/technical assignments and projects; communicates accuracy in calculating and measuring graphical work required to complete career/technical assignments and projects; and evaluates tables, charts, graphs and multiple data sources to complete career/technical assignments and projects. The student can independently solve problems and is self-directed. / The student demonstrates competent and proficient performance and shows a thorough and effective application of knowledge and skills that meet the standard in literacy and numeracy. The student utilizes a variety of technical sources (e.g., Internet, manuals, journals, directions, reports, etc.) to complete career/technical assignments and projects; demonstrates writing skills required to complete career/technical assignments and projects; demonstrates accuracy in calculating and measuring graphical work required to complete career/technical assignments and projects; and analyzes tables, charts, graphs and multiple data sources to complete career/technical assignments and projects. Application of knowledge and skills is thorough and effective and the student can work independently. / The student demonstrates basic but inconsistent performance of fundamental knowledge and skills characterized by errors and/or omissions in literacy and numeracy. The student selects a variety of technical sources (e.g., Internet, manuals, journals, directions, reports, etc.) to complete career/technical assignments and projects; reproduces writing skills required to complete career/technical assignments and projects; illustrates accuracy in calculating and measuring graphical work required to complete career/technical assignments and projects; and explains tables, charts, graphs and multiple data sources to complete career/technical assignments and projects. Performance needs further development and supervision.
Standard: 7
/21st Century Learning Skills
BE.S.BKFN.7
/ The student will- access and manipulate information for use in oral, written, or multimedia format using appropriate technology skills.
- apply sound reasoning processes to solve complex real-world problems and develop new ideas.
- exhibit leadership and ethical behavior in planning and executing tasks, as an individual or a group member.
Objectives / Students will
BE.O.BKFN.7.1 / search online using a range of technology tools and media to access relevant information needed for problem solving.
BE.O.BKFN.7.2 / create information for oral, written, and multimedia communications, adhering to copyright laws.
BE.O.BKFN.7.3 / engage in problem solving and critical thinking processes to create and evaluate complex strategies in order to independently solve problems.
BE.O.BKFN.7.4 / adapt to new situations by considering multiple perspectives and a commitment to continued learning.
BE.O.BKFN.7.5 / exhibit ethical behavior and positive leadership while working collaboratively in the school and/or community.
BE.O.BKFN.7.6 / model legal and ethical behaviors in the use of technology.
Performance Descriptors (BE.PD.BKFN.7)
Above Mastery / Mastery / Partial Mastery
The student demonstrates exceptional and exemplary performance with distinctive and sophisticated application of knowledge and skills that exceed the standard in 21st century learning skills. The student assesses online technology tools and media to access relevant information needed for problem solving; critiques information for oral, written, and multimedia communications, adhering to copyright laws; integrates problem solving and critical thinking processes to create and evaluate complex strategies in order to independently solve problems; interprets new situations by considering multiple perspectives and a commitment to continued learning; incorporates ethical behavior and positive leadership while working collaboratively in the school and/or community; and reinforces legal and ethical behaviors in the use of technology. The student can independently solve problems and is self-directed. / The student demonstrates competent and proficient performance and shows a thorough and effective application of knowledge and skills that meet the standard in 21st century learning skills. The student searches online using a range of technology tools and media to access relevant information needed for problem solving; creates information for oral, written, and multimedia communications, adhering to copyright laws; engages in problem solving and critical thinking processes to create and evaluate complex strategies in order to independently solve problems; adapts to new situations by considering multiple perspectives and a commitment to continued learning; exhibits ethical behavior and positive leadership while working collaboratively in the school and/or community; and models legal and ethical behaviors in the use of technology. Application of knowledge and skills is thorough and effective and the student can work independently. / The student demonstrates basic but inconsistent performance of fundamental knowledge and skills characterized by errors and/or omissions in 21st century learning skills. The student explains online technology tools and media to access relevant information needed for problem solving; identifies information for oral, written, and multimedia communications, adhering to copyright laws; discusses problem solving and critical thinking processes to create and evaluate complex strategies in order to independently solve problems; discusses new situations by considering multiple perspectives and a commitment to continued learning; reviews ethical behavior and positive leadership while working collaboratively in the school and/or community; and describes legal and ethical behaviors in the use of technology. Performance needs further development and supervision.