Financial Literacy 20, 30

(a)	Differentiate between credit and debt.
(b)	Differentiate among different types of credit including secured, unsecured, revolving and installment.
(c)	Identify characteristics, including the average annual interest rate, of various credit products such as: credit cards; lines of credit; personal loans; student loans; student lines of credit; mortgages; home equity lines of credit; payday loans; leases; credit card cash advances; balance transfers; consolidation loans; and, balloon payment loans.
(d)	Describe situations when various credit products may be used and the resulting implications.
(e)	Justify the choice or rejection of one or more credit products for various scenarios (e.g., financing post-secondary education or training, buying a car and buying a computer).
(f)	Investigate how one’s source of income (e.g., self-employment compared to employment) can affect one’s access to credit.
(g)	Explore how family perspectives, culture, community influencers and personal experiences shape one’s attitude towards credit.