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Telling the difference between loan myths and realities

Updated

Students analyze statements about loans and decide whether they’re a myth or reality.

Big idea

Knowing the difference between loan myths and realities can help you become a responsible borrower. 

Essential questions

  • What are the most important things to know about taking out a loan?
  • Why are some people able to get a loan while other people aren’t?

Objectives

  • Recognize whether a statement about loans is a myth or reality
  • Understand the difference between secured and unsecured loans

What students will do

  • Review key terms related to taking out a loan.
  • Determine whether statements about loans are a myth or reality.
  • Learn about the difference between secured and unsecured loans.

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