1. BUSINESS HIGH SCHOOL-RECORD KEEPING
Obtaining a
Loan
Applying for
Bank Credit
Cards
Credit
Records
Unit 3
Checking Your
Credit Card
Statement
Buying on
the
Installment Plan
Essential Learning Expectations:
Why must buying items on credit be done carefully?
What are 3 disadvantages to buying on credit?
What are 3 advantages to buying on credit?
What are 4 sources of credit available to individuals and businesses?
What factors do lenders look at before they grant you credit?
When buying on the installment plan, why is the installment price more than the cash price?
When would a business or individual sign a promissory note?
Content Vocabulary:
Annual Percentage Rate
Credit
Good Credit Risks
Installment Contract
Interest
Principal
Promissory Note
Sales Slip
Transaction