Standard #: SS.4.FL.1.4


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People can earn interest income from letting other people borrow their money.
Explain why banks and financial institutions pay people interest when they deposit their money at those institutions.


General Information

Subject Area: Social Studies
Grade: 4
Strand: Financial Literacy (Adopted in 2023)
Standard: Earning Income
Date Adopted or Revised: 06/14
Status: State Board Approved

Related Courses

Course Number1111 Course Title222
5021060: Social Studies Grade 4 (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 - 2023, 2023 and beyond (current))
7721015: Access Social Studies - Grade 4 (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2023, 2023 and beyond (current))


Related Access Points

Access Point Number Access Point Title
SS.4.FL.1.AP.4 Identify interest income from people borrowing money.


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