This lesson focuses on the relationship between borrowers and lenders, from the perspective of the lender. Using the Pocket Decision Apron as a prop, the students explore the costs and benefits of decisions about lending. In a simulated lending activity, they evaluate borrowers' credit history and discover the importance of trust between borrowers and lenders.
Concepts
- Cost
- Credit
- Borrower
- Borrow
- Lender
- Opportunity Cost
- Costs
- Lend
Standards in Economics and Personal Finance
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