Inflation can erode the value of savings if the interest rate earned on a savings account is less than the inflation rate.
Standard detail
SAV.4
Depth 1Parent ID: 1A5169AAAF7F4ED5BC0770208D962047Standard set: 12th Grade
Original statement
Quick facts
- Statement code
- SAV.4
- List ID
- 4
- Standard ID
- 54099B764950423DACF1C83D3C9198D3
- Subject
- Personal Financial Education (2021)
- Grades
- 12
- Ancestor IDs
- 1A5169AAAF7F4ED5BC0770208D962047
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US