'Credit limit maximum amount' presentation slideshows

Warm Up #15

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Personal Finance Literacy

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Standard 3 Students will understand principles of money management.

Standard 3 Students will understand principles of money management. Objective 2 Understand credit uses and costs. Objective 3 Describe the impact of credit on money management. Credit. A legal agreement to receive cash, goods, or services now and pay for them in the future.

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Ch. 20

Ch. 20. Credit/Consumer Rights. Credit. Receiving something with the promise of payment at a later time. Principle: Actual cost of the good or service. Interest: Amount paid for the use of money. Charge Accounts. Buy goods and services at individual stores and pay for them later.

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