The Costs of Credit

Students discuss how using a credit card differs from using cash or checks. Using supply and demand, they develop a list of the determinants of credit. They list the costs and benefits of using credit. They calculate the amount of interest using the interest rate, principal and time.

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Concepts

Resource Details

Grade
9th - 12th
Subjects
Social Studies & History
1 more...
Resource Type
Lesson Plans
Instructional Strategy
Inquiry-Based Learning
Usage Permissions
Fine Print: Educational Use