When people use credit, they receive something of value now and agree to repay the lender over time, or at some date in the future, with interest.
Standard detail
2.
Benchmark
Depth 1Parent ID: 8731F4ADC94A43D1A86682542E960E90Standard set: Grades K, 1, 2, 3, 4
Original statement
Quick facts
- Statement code
- 2.
- List ID
- 2.
- Standard ID
- 525C5A6868924A25A6553DF831D2EFF7
- ASN identifier
- S2604571
- Subject
- Financial Literacy
- Grades
- 01, 02, 03, 04, K
- Ancestor IDs
- 8731F4ADC94A43D1A86682542E960E90
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US