Individuals can choose to accept some risk, to take steps to avoid or reduce risk, or to transfer risk to others through the purchase of insurance. Each option has different costs and benefits.
Standard detail
7.
Benchmark
Depth 1Parent ID: F365D35F8F2445FA96188E2CA3F11D00Standard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 7.
- List ID
- 7.
- Standard ID
- A606DD330119416182983CBE43E48BCD
- ASN identifier
- S2604629
- Subject
- Financial Literacy
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- F365D35F8F2445FA96188E2CA3F11D00
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US