Title: Explain investments, credit agencies, interest, education funding options, banking procedures, and Internal Revenue Service (IRS) forms.
Course: Navy JROTC II (09102) > Section: Exploring Personal Wellness, Fitness, and Financial Responsibility

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?