tailieunhanh - Wisconsin’s Model Academic Standards for Personal Financial Literacy

Controversy remains about the precise connection between global imbalances and the global financial meltdown. Some commentators argue that external imbalances had little or nothing to do with the crisis, which instead was the result of financial regulatory failures and policy errors, mainly on the part of the . Others put forward various mechanisms through which global imbalances are claimed to have played a prime role in causing the financial collapse. Former . Treasury Secretary Henry Paulson argued, for example, that the high savings of China, oil exporters, and other surplus countries depressed global real interest rates, leading investors to scramble. | Wisconsin s Model Academic Standards for Personal Financial Literacy Elizabeth Burmaster State Superintendent Deborah Mahaffey Assistant State Superintendent Division for Academic Excellence Michael George Director Content and Learning Team Margaret Ellibee Director Career and Technical Education Team Wisconsin Department of Public Instruction Madison Wisconsin This publication is available from Publication Sales Wisconsin Department of Public Instruction Drawer 179 Milwaukee WI 53293-0179 Phone 800 243-8782 pubsales Also available on our website cal Bulletin No. 6158 ISBN 978-1-57337-125-4 2006 by Wisconsin Department of Public Instruction The Wisconsin Department of Public Instruction does not discriminate on the basis of sex race religion age national origin ancestry creed pregnancy marital or parental status sexual orientation or physical mental emotional or learning disability. Printed on recycled paper Table of Contents A Letter from the State The Process for Developing Personal Financial Literacy Overview of Personal Financial A. Relating Income and B. Money C. Credit and Debt D. Planning Saving and E. Becoming a Critical F. Community and Financial Responsibility .16 G. Risk Resources and Links to Instructional and Assessment Glossary of WISCONSIN S MODEL ACADEMIC STANDARDS .