Financial Literacy 20, 30

(a)	Differentiate between assets and liabilities.
(b)	Differentiate between appreciating and depreciating assets.
(c)	Determine the value of an asset at a specific time.
(d)	Provide examples of assets and liabilities that determine personal or community net worth.
(e)	Investigate how negative equity affects investing and net worth.
(f)	Design scenarios that demonstrate the importance of net worth to an individual’s or community’s financial plan.
(g)	Calculate personal or community net worth for various scenarios.
(h)	Calculate net worth and determine its importance within an overall financial plan for a variety of scenarios.