Episode 4 of 60 · Financial Literacy: Cash Course
What Is Debt?
Grades 6th+
Economics — American History · Government · Financial Literacy · Financial Literacy — Economics & Financial Literacy · Captions
About This Video
Don’t let your teenagers borrow the credit card before they watch this episode of Cash Course about debt and how it works. From loan terms and interest rates to credit limits, your middle and high school students will learn about financial debt and how to properly use it to their advantage.
Standards Met in Ohio
- 7-8.21Grades 7th, 8thFinancial documents and contractual obligations inform the consumer and define the terms and conditions of establishing credit and incurring debt.
- 9-12.22Grades 9th, 10th, 11th, 12thFinancial documents and contractual obligations inform the consumer and define the terms and conditions of establishing credit and incurring debt.
- AMH.9-12.19.lp.gGrades 9th, 10th, 11th, 12thUnderstand that consumers can request loans from banks (credit) in which they will have to pay the money back over time with interest.
- EFL.9-12.20.lp.hGrades 9th, 10th, 11th, 12thEngage with images of credit cards.
- 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.