Banks and other financial institutions loan funds received from depositors to borrowers. Part of the interest received from these loans is used to pay interest to depositors for the use of their money.
Standard detail
1.
Benchmark
Depth 1Parent ID: 1172FDC3236B4155B800FAEEF8D74086Standard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 1.
- List ID
- 1.
- Standard ID
- 61ABC18BF75547B8894F6C31EE9E154C
- ASN identifier
- S2604552
- Subject
- Financial Literacy
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- 1172FDC3236B4155B800FAEEF8D74086
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US