Financial Literacy 20, 30
Course Configurations
Investigate different types of payment cards.
Indicators for this outcome
| (a) | Differentiate amongtypes of payment cards including gift, pre-paid, credit and debit cards. |
| (b) | Discuss how students may gain access to various types of payment cards. |
| (c) | Explore the advantages and disadvantages associated with each type of payment card. |
| (d) |
Analyze credit card statements to understand the main components such as:
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| (e) | Identify the steps necessary to report and correct mistakes on a credit card statement. |
| (f) | Investigate the concept of grace period as it pertains to credit cards, including when credit card transactions (e.g., cash advances) may not have a grace period. |
| (g) | Calculate the cost of purchases on credit for various scenarios (e.g., making only the minimum payment each month, making a lump sum payment and missing a payment). |
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