Sign up for a FREE EconEdLink membership for access to a dashboard to save your favorite lesson plans and other resources, as well as a  20% discount at the Council for Economic Education store, offering best-in-class publications including Financial Fitness for Life, and High School Economics. BECOME A MEMBER!

Grade 9-12
,
Video

Buying on Credit Video and Quiz

Time: 10 mins,
Updated: August 8 2019,

Objective

Students will be able to:

  • Understand the concept of buying on credit.

Standards

Concepts

In this personal finance video, students will learn about buying on credit and play a Kahoot! game.

Description

This video explains credit as a tool that helps buyers and sellers exchange goods and services. The segment defines three types of credit (installment, open, revolving) and explains the benefits and potential pitfalls of each. Viewers also learn about building credit history and improving credit scores. Play the Kahoot! game to test your skills! This multi-player quiz game reviews the concepts discussed in the video.

Subjects:
Personal Finance