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FINANCIAL LITERACY ONE TEMPLATEFinancial Literacy One?Do Now:What was your last experience in borrowing (or letting someone borrow) money? 3-5 sentences.?B.O ShareoutPut the name AND response of your partner.Loan Video principal, interest, & term.What are the main advantages of a secured and unsecured loan?Secured --?Unsecured --?List two examples of items that could be used as collateral for a secured loan.What factors determine the interest rate that will be charged for money borrowed when using credit?What is a cosigner and what considerations should they make before co-signing a loan?What is a danger of taking a variable rate loan??Shady Sam Game https ://As the game says, most borrowers only pay attention to the monthly payment when taking out a loan. Why do you think this is??You probably noticed a pattern that allowed you to maximize profits. Complete this sentence by circling or highlighting one term:?The loans that were most profitable tended to have the shortest / longest terms and the lowest / highest monthly payments.Do Now (3/10-3/11)Are you thinking about getting a credit card (or already have a credit card)? What is your rationale behind thinking about getting one? If you already have one, what is your progress with it (haven’t used it, owe money, what do you use it on etc.)? 4 sentencesCredit Card BasicsWatch this video and then summarize?Difference between credit & debitThree types of credit cards, andAt least 3 benefits of using a credit card for purchases.Schumer Box (3/9-3/10)Read the article on the schumer box (step 5: ), and summarize the three most important pieces of information that APPLY TO YOU (5 sentences for each item you select)Credit Card ContinuationStep 9-Read the article and answer the question?Step 10-Read the article and answer the question?Step 11-Read the article and answer the question?Step 13-Read the article and answer the question?Comparing Credit Cards ................
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