SS.912.FL.4.1

Discuss ways that consumers can compare the cost of credit by using the annual percentage rate (APR), initial fees charged, and fees charged for late payment or missed payments.

Clarifications

Use the APR, initial fees, late fees, nonpayment fees, and other relevant information to compare the cost of credit from various sources for the purchase of a product.
General Information
Subject Area: Social Studies
Grade: 912
Strand: Financial Literacy
Standard: Using Credit
Date Adopted or Revised: 04/15
Status: State Board Approved

Related Courses

This benchmark is part of these courses.
2102800: Florida’s Preinternational Baccalaureate Comparative Economics With Financial Literacy (Specifically in versions: 2014 - 2015, 2015 - 2022 (current), 2022 and beyond)
2102335: Economics with Financial Literacy (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2022 (current), 2022 and beyond)
2102340: Economics with Financial Literacy for Credit Recovery (Specifically in versions: 2015 - 2018, 2018 - 2022 (current), 2022 and beyond)
2102345: Economics with Financial Literacy Honors (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2022 (current), 2022 and beyond)
0400515: The Business of Theatre: Management and Promotion (Specifically in versions: 2014 - 2015, 2015 - 2020 (course terminated))
2102372: Personal Financial Literacy (Specifically in versions: 2015 - 2018, 2018 - 2019, 2019 - 2022 (current), 2022 and beyond)
2102374: Personal Financial Literacy Honors (Specifically in versions: 2015 - 2018, 2018 - 2019, 2019 - 2022 (current), 2022 and beyond)
1200387: Mathematics for Data and Financial Literacy (Specifically in versions: 2016 - 2022 (current), 2022 and beyond)
7921021: Access Personal Financial Literacy (Specifically in versions: 2019 and beyond (current))

Related Access Points

Alternate version of this benchmark for students with significant cognitive disabilities.
SS.912.FL.4.In.a: Compare the cost of credit by using the annual percentage rate (APR), initial fees charged and fees charged for late payment or missed payments.
SS.912.FL.4.Su.a: Identify the cost of credit by using the annual percentage rate (APR), initial fees charged and fees charged for late payment or missed payments.
SS.912.FL.4.Pa.a: Recognize that credit has additional costs.

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