Episode 6 of 60 · Financial Literacy: Cash Course
Borrowing Money
Grades 6th+
Financial Literacy — Economics & Financial Literacy · Captions
About This Video
Borrowing to buy a car or pay for school might seem like a good idea, but what does borrowing money really mean and how does it work? This episode of Cash Course teaches young adults the ins and outs of borrowing—from understanding principal and interest to what you should know before you borrow.
Standards Met in Ohio
- EFL.9-12.20.lp.hGrades 9th, 10th, 11th, 12thEngage with images of credit cards.
- EFL.9-12.21.bGrades 9th, 10th, 11th, 12thLocate the interest rate and the minimum payment on a credit-card statement.
- EFL.9-12.21.lp.mGrades 9th, 10th, 11th, 12thIdentify credit as having possible interest costs when used.
- EFL.9-12.21.lp.qGrades 9th, 10th, 11th, 12thEngage with representations of credit cards.