TEKS: Chapter 118. Economics See All Teacher Resources

118.4.c.17

(17) Personal financial literacy. The student understands the role of financial markets/institutions in saving, borrowing, and capital formation. The student is expected to:

• (A) explain the functions of financial institutions and how they affect households and businesses;
• (B) explain how the amount of savings in an economy is the basis of capital formation;
• (C) analyze the role of interest and risk in allocating savings to its most productive use; and
• (D) examine the types of accounts available to consumers from financial institutions and the risks, monetary costs, and benefits of maintaining these accounts.