See all 9th-12th Grades Standards
Borrowing

Borrowing

Article • 15 min of learning
Try it Out

Here's how Borrowing aligns with curriculum standards in Missouri. Use the filters to change the location, set of standards, and grade level.

Personal Finance Course Level Expectations

V: Using Credit: Credit allows people to purchase goods and services now and repay those costs in the future. Lenders approve or deny credit based on the borrower's creditworthiness.

Concept 1: Facets of Credit

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Borrowing
B: Compare sources of consumer credit such as credit cards, consumer loans, rent-to-own contracts, title loans and payday loans.

Concept 2: Interest on Credit

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Borrowing
C: Explain the relationship between risk and interest, including creditworthiness and down payment.
D: Differentiate between secured and unsecured loans.