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.
Remarks
Identify goods and services people often purchase with the use of a loan.General Information
Subject Area: Social Studies
Grade: 4
Strand: Financial Literacy
Standard: Using Credit
Date Adopted or Revised: 06/14
Status: State Board Approved
Related Courses
This benchmark is part of these courses.
5021060: Social Studies Grade 4 (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 - 2023, 2023 - 2024, 2024 and beyond (current))
7721015: Access Social Studies - Grade 4 (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2023, 2023 and beyond (current))
Related Access Points
Alternate version of this benchmark for students with significant cognitive disabilities.
SS.4.FL.4.AP.2: Identify an instance when people use a loan.
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