Transcript HONORS PRE
BUSINESS HIGH SCHOOL-BUSINESS AND PERSONAL LAW Credit Credit Protection Laws Financial Counseling Services Truth in Lending Act Other Payment Methods Purchasing Unit 5 Managing Your Debt Checking Accounts Essential Learning Expectations: CCTE.E Business and Finance Technology (Personal Finance) - 19- Apply a rational decision making process to personal buying decisions. CCTE.E(Business and Finance Technology (Personal Finance -23- Recognize that laws are available to protect the rights of consumers. CCTE.F Business and Finance Technology (Personal Finance) 32 Identify the rights and responsibilities of using a checking account. CCTE.F Business and Finance Technology (Personal Finance) 33 Describe the steps involved in opening and using a checking account. CCTE.F Business and Finance Technology (Personal Finance) 34 Compare and contrast the different types of checking accounts offered by various financial institutions. CCTE.F Business and Finance Technology (Personal Finance) 35- Differentiate among different types of electronic monetary transactions offered by various financial institutions. CCTE.G Business and Finance Technology (Personal Finance) 43 Describe the risks and responsibilities associated with using credit. CCTE.G Business and Finance Technology (Personal Finance) 44 Identify the opportunity cost of credit decisions. CCTE.G Business and Finance Technology (Personal Finance) 45 Identify methods of establishing and maintaining a good credit rating. CCTE.G Business and Finance Technology (Personal Finance) 46 Determine the advantages and disadvantages of using credit. CCTE.G Business and Finance Technology (Personal Finance) 52 Explain credit ratings and credit reports and describe why they are important to consumers. Content Vocabulary: Credit Collateral Interest Security interest Bankruptcy Creditor Secured party Family farmer Debtor Repossess Homestead exemption Open-end credit Smart card Stale check Line of credit Equal credit Opportunity Act Outstanding checks Closed end credit Bad check Secured loan Fair Credit Billing Act Forgery Uttering Money order Certified check Traveler’s checks Cashier’s check Electronic fund transfer Bank draft Debit card Fair Debt collection Practices Act Fair Credit Reporting Act