Explain investments, credit agencies, interest, education funding options, banking procedures, and Internal Revenue Service (IRS) forms.

Explanation should include

• knowing how to calculate simple interest
• identifying various funding options available for continuing education
• knowing the difference between banks, credit unions, and saving institutions
• knowing how to use a savings and checking account
• understanding the function of the IRS
• understanding the function and use of simple IRS forms.

Process/Skill Questions:

• Why is it important to save a portion of your income on a regular basis?
• How is simple interest calculated?
• Why is it important to have a checking account?
• What is the function of the IRS?