# CTE Resource Center - Verso - Business Law NBEA Achievement Standards for Personal Finance Correlation by Task

CTE Resource Center - Verso

Virginia’s CTE Resource Center

NBEA Achievement Standards for Personal Finance Correlation by Task

In this course, the following tasks/competencies reinforce the standards listed beside them. Teachers may identify additional reinforcements in locally developed instructional materials.

Task/Competency Number Task/Competency Statement Standards
58 Compare federal agencies that provide consumer protection information. NBEA Achievement Standards for Personal Finance: Analyze choices available to consumers for protection against risk and financial loss. ♦ Describe consumers rights, responsibilities and remedies, giving examples of each.
59 Identify federal and state laws that afford consumer protection. NBEA Achievement Standards for Personal Finance: Analyze choices available to consumers for protection against risk and financial loss. ♦ Analyze the sources of assistance for debt management. ♦ Research rights and responsibilities of consumers according to credit legislation (e.g., truth-in-lending, fair credit reporting, equal credit opportunity, and fair debt collection).
61 Evaluate the effect of relevant laws on insurance requirements for a business entity. NBEA Achievement Standards for Personal Finance: Analyze choices available to consumers for protection against risk and financial loss. ♦ Develop recommended insurance coverage for individuals/families for various risks and different income levels ♦ Explain how all types of insurance are based on the concept of risk sharing and statistical probability. ♦ Explain why insurance needs change throughout the life cycle. ♦ Identify the type of insurance associated with different types of risk (e.g., automobile, personal and professional liability, home and apartment, health, life, long-term care, disability).
62 Identify commercial papers. NBEA Achievement Standards for Personal Finance: Compare and contrast the different types of checking accounts offered by various financial deposit institutions. ♦ Differentiate among types of electronic monetary transactions (e.g., debit cards, ATM, and automatic deposits/payments) offered by various financial institutions.