Standard 4 : Using Credit



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General Information

Number: SS.4.FL.4
Title: Using Credit
Type: Standard
Subject: Social Studies
Grade: 4
Strand: Financial Literacy

Related Benchmarks

This cluster includes the following benchmarks
Code Description
SS.4.FL.4.1: Discuss that interest is the price the borrower pays for using someone else’s money.
SS.4.FL.4.2: Identify instances when people use credit, that they receive something of value now and agree to repay the lender over time, or at some date in the future, with interest.


Related Access Points

This cluster includes the following access points.

Access Points

Access Point Number Access Point Title
SS.4.FL.4.AP.1: Recognize that interest is added when you borrow money.
SS.4.FL.4.AP.2: Identify an instance when people use a loan.