Economics -Credit

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Is it safe to buy things on credit? Comment.
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Slide 1: Tekstslide
EconomieSecondary Education

In deze les zitten 18 slides, met interactieve quizzen en tekstslides.

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Answer in the chat box
Is it safe to buy things on credit? Comment.

Slide 1 - Tekstslide

Chapter 2.1
Types of Credit
 Pages 582-585

Slide 2 - Tekstslide

Outline the three criteria for qualifying for credit
Learn how to use credit cards responsibly
Discuss what a credit report is and how it is used

Slide 3 - Tekstslide

​If you budget wisely and save your money, you will be able to buy what you need most of the time. 
Credit is the practice of buying goods or services now and paying for them in the future. One form of credit is a loan, which is borrowed money that must be repaid with interest. Just as banks pay you interest for the use of your money in a savings account, you have to pay them interest if you want to use ​their money to buy something.

Slide 4 - Tekstslide

What are the different criteria for qualifying for credit ?

Slide 5 - Woordweb

Imagine that you have a credit institution that gives credit to the businesses. What are the criteria you would include for providing credit? Mention those other than given before.

Slide 6 - Open vraag

What are like short-term loans, because they allow
you to buy things without having the cash at the time
of purchase?
Finance charge
Annual percentage Rate
Credit Card

Slide 7 - Quizvraag

What are the criteria for credit?

Slide 8 - Woordweb

Slide 9 - Link

What are the different kinds of fees or charges which are associated with a credit card?

Slide 10 - Woordweb

The cost of credit is called the finance charge. It includes the total amount of interest you will pay plus any service charges. The amount of interest you pay depends on the annual percentage rate (APR), the length of the loan, and how often you make payments.

Slide 11 - Tekstslide

Slide 12 - Tekstslide

Analyze the use of the APR method of finance charge in the table given.

Slide 13 - Open vraag

What is the amount of interest you pay depends on the ________________,length of the loan, and how often you make payments?
Finance charge
Cost of borrowing
Monthly payment
Annual percentage Rate

Slide 14 - Quizvraag

What is the meaning of a credit report?

Slide 15 - Woordweb

How is a credit report used by financial institutions? Name the credit reporting agency in Bahrain and its functions.

Slide 16 - Open vraag

Why do we need credit reporting agencies?

Slide 17 - Woordweb

Ask questions to each other.

Slide 18 - Woordweb