iRubric: K-12 Spending and Credit Standards - G8 rubric

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K-12 Spending and Credit Standards - G8 K-12 Spending and Credit Standards - G4 K-12 Personal Financial Literacy Series. Spending and Credit Standards: Grade 8 Benchmarks. http://www.jumpstart.org/national_standers.html Rubric Code: H4853 By gandalf Ready to use Public Rubric Subject: Finance Type: (Other) Grade Levels: 6-8

Spending and Credit Student knows the grade 4 benchmarks and also that
	Yes 10 pts	No 0 pts
1. A consumer should not rely on advertising claims as the sole source of information about goods and services.	Yes	No
2. Comparison shopping helps consumers get the best value for their money.	Yes	No
3. Some payment methods are more expensive than others.	Yes	No
4. Online transactions can make consumers vulnerable to privacy infringement and identity theft.	Yes	No
5. Comparing the costs and benefits of buying on credit is key to making a good purchase decision.	Yes	No
6. For any given loan amount and interest rate, the longer the loan period, the smaller the monthly payment and the larger the total cost of credit.	Yes	No
7. Consumers can choose from a variety of credit sources.	Yes	No
8. Credit bureaus maintain credit reports, which record borrowers’ histories of repaying loans.	Yes	No
9. Sometimes people borrow more money than they can repay.	Yes	No
10. Laws and regulations exist to protect consumers from a variety of seller and lender abuses.	Yes	No