Earning and Managing Money · Personal Finance

The True Cost of Credit

Investigating how interest rates and credit products affect personal debt and purchasing power.

Key Questions

  1. 1What incentives lead consumers to use high-interest credit products?
  2. 2How do lenders assess the risk of a borrower?
  3. 3What are the social consequences of widespread household debt?

ACARA Content Descriptions

AC9HE8K04
Year: Year 8
Subject: Economics & Business
Unit: Earning and Managing Money
Period: Personal Finance

Suggested Methodologies

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