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Compare the advantages and disadvantages of using cash versus a credit card.
Remarks
Example: Compare paying for a tank of gasoline in cash or paying with a credit card over a period of time.General Information
Subject Area: X-Mathematics (former standards - 2008)
Grade: 912
Body of Knowledge: Financial Literacy
Idea: Level 3: Strategic Thinking & Complex Reasoning
Standard: Loans and Financing - Become familiar with and describe the advantages and disadvantages of short-term purchases, long-term purchases, and mortgages.
Date Adopted or Revised: 09/07
Content Complexity Rating:
Level 3: Strategic Thinking & Complex Reasoning
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More Information
Date of Last Rating: 06/07
Status: State Board Approved - Archived
Related Courses
This benchmark is part of these courses.
1200500: Advanced Algebra with Financial Applications (Specifically in versions: 2014 - 2015 (course terminated))
7912105: Fundamental Consumer Mathematics (Specifically in versions: 2013 - 2015, 2015 - 2017 (course terminated))
Related Access Points
Alternate version of this benchmark for students with significant cognitive disabilities.
Related Resources
Vetted resources educators can use to teach the concepts and skills in this benchmark.
Video/Audio/Animation
Student Resources
Vetted resources students can use to learn the concepts and skills in this benchmark.
Video/Audio/Animation
Introduction to Dangers of Using Credit:
This episode of Warren Buffet's Secret Millionaire's Club (4 minutes) introduces the dangers of using credit and only making the minimum monthly payment.
Type: Video/Audio/Animation
Parent Resources
Vetted resources caregivers can use to help students learn the concepts and skills in this benchmark.
