When a person pays with credit, they have immediate use of purchased goods or services while agreeing to repay the lender in the future with interest.
Standard detail
MC.2
Depth 1Parent ID: 0FFCD82273194BC183526ACADA9FFBE2Standard set: Grade 4
Original statement
Quick facts
- Statement code
- MC.2
- List ID
- 2
- Standard ID
- F6AC89DF5DD84CE59C4968A25241CAB9
- Subject
- Personal Financial Education (2021)
- Grades
- 04
- Ancestor IDs
- 0FFCD82273194BC183526ACADA9FFBE2
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US