Final answer:
In personal finance classes, students learn about managing money, investing, borrowing and debt, financial markets and institutions, and other important financial topics. Therefore, the most appropriate option is C.
Step-by-step explanation:
In personal finance classes, students learn various important concepts related to managing money and making sound financial decisions. Some of the topics covered include:
- Managing Money: Students learn how to maintain a checking account, including reconciling bank statements. They also learn how to begin a savings program and develop strategies to become low-risk borrowers by understanding and improving their personal credit scores.
- Investing: Students learn about wise investing in the stock market and other personal investment options, such as developing a personal retirement plan.
- Borrowing and Debt: Students learn about the types of loans available to consumers, the responsibilities and obligations of borrowing money, and ways to avoid and eliminate credit card debt.
- Financial Markets and Institutions: Students learn about the functions of financial institutions, their impact on households and businesses, and the role of financial markets in saving, borrowing, and capital formation.
- Other Financial Topics: Students also learn about the costs and benefits of buying a home versus renting, the various methods available to pay for college and post-secondary education, and the evaluation of costs and benefits of insurance, declaring personal bankruptcy, and charitable giving.