Standards for What is Credit?
National Standards in Financial Literacy
Name: Using Credit
- Students will understand that: Credit allows people to purchase goods and services that they can use today and pay for those goods and services in the future with interest. People choose among different credit options that have different costs. Lenders approve or deny applications for loans based on an evaluation of the borrower?s past credit history and expected ability to pay in the future. Higher-risk borrowers are charged higher interest rates; lower-risk borrowers are charged lower interest rates.
Common Core State Standards
Name: Anchor Standards for Language
Name: Anchor Standards for Writing
Standard: College and Career Readiness Anchor Standards for Reading
Area: College and Career Readiness Anchor Standards for Reading
- Read and comprehend complex literary and informational texts independently and proficiently.
Standard: History/Social Studies -- Grade 9-10
Area: History/Social Studies -- Grade 9-10
- Determine the meaning of words and phrases as they are used in a text, including vocabulary describing political, social, or economic aspects of history/social science.