Credit Basics
2020.11.20 9:31 am - 10:14 am
Teaching point: What is the fundamental vocabulary related to credit and lending?
Do now
Do now
What would you ask a stranger who wanted to borrow money from you? Respond in the chat or go ahead and unmute yourself.
What would you ask a stranger who wanted to borrow money from you? Respond in the chat or go ahead and unmute yourself.
Agenda
Agenda
Do now (5 - 10 minutes)
Do now (5 - 10 minutes)
Banking Explained: Money and Credit (10 Minutes)
Banking Explained: Money and Credit (10 Minutes)
Loan Basics Notes ( 10 - 15 minutes)
Loan Basics Notes ( 10 - 15 minutes)
Test Corrections (25 minutes)
Test Corrections (25 minutes)
Banking Explained
Banking Explained
Watch 1:18 - 1:55
Watch 1:18 - 1:55
As you watch be prepared to discuss the following:
What is the relationship between people who save money in banks and people who borrow money from banks?
How does the bank make a profit?
Assignment
Assignment
Complete the assignment from yesterday if you haven't already done so.
Complete the assignment from yesterday if you haven't already done so.