A credit card purchase is a loan from the financial institution that issued the card. Credit card interest rates tend to be higher than rates for other loans. In addition, financial institutions may charge significant fees related to a credit card and its use.
Standard detail
3.
Benchmark
Depth 1Parent ID: BD0010AE2C194BBABEE75C646811EF7EStandard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 3.
- List ID
- 3.
- Standard ID
- EC46528A9CF6443B95AEB59B79EAE18D
- ASN identifier
- S2604576
- Subject
- Financial Literacy
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- BD0010AE2C194BBABEE75C646811EF7E
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US