When people make a decision to use money for a particular purpose, they incur an opportunity cost in that they cannot use the money for another purpose.
Standard detail
SP.3
Depth 1Parent ID: CBC2B471533C4B3D96EA938691427E47Standard set: Grade 4
Original statement
Quick facts
- Statement code
- SP.3
- List ID
- 3
- Standard ID
- F9F4BC1C0ECC4855BB7F70298A5F1134
- Subject
- Personal Financial Education (2021)
- Grades
- 04
- Ancestor IDs
- CBC2B471533C4B3D96EA938691427E47
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US