Indiana Social Studies GE.5.6

Social StudiesGrades 9–12Money and Banking: Role of Monetary and Fiscal Policies

The Standard

Research the structure of financial institutions and analyze the consumer and commercial products offered.

2026 Indiana Academic Standards: K-12 Social Studies

Teacher's field guide

What Students Need to Do: Students research how banks and credit unions are owned and overseen. They compare accounts and loans for individuals and businesses, using fees, rates, and eligibility rules.
What Mastery Looks Like: A student can explain who owns a bank and a credit union and who insures eligible deposits at each. They can recommend an account for a household and a loan for a small shop, citing terms from each offer.
Common Misconceptions: Students may think a credit union is a government bank or that every product sold by a bank is insured. They may compare loans by interest rate alone and miss fees or collateral requirements.
How to Assess It: Give students printouts of a bank and credit union's ownership information and product pages. Ask them to name each owner's group and recommend one personal account and one business loan, citing two terms.

Lesson moves

Give pairs printed bank and credit union pages; have them mark ownership, deposit insurance, and one personal and business product.
Ask: "Which institution would you choose for a new café?" Have students defend a choice using a fee and an eligibility rule.
Hand out four customer cards and four product sheets; students match each customer to a product and cite a term.
Use a bakery's $10,000 equipment purchase to compare fees, collateral rules, and eligibility on two real business loan pages.

Free download

A ready-to-print activity worksheet aligned to GE.5.6, with an answer key for the teacher on its own page. No account needed.

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