Describe the effect of higher interest rates and longer loan terms on the total cost of a loan.
Standard detail
MC.3a
Depth 2Parent ID: 1E3EF68426434C869CEE9E9DC6EB4A8DStandard set: Grade 8
Original statement
Quick facts
- Statement code
- MC.3a
- List ID
- a
- Standard ID
- 395DB94E7B3D47D0913642BE0E8D5774
- Subject
- Personal Financial Education (2021)
- Grades
- 08
- Ancestor IDs
- 1E3EF68426434C869CEE9E9DC6EB4A8D7B34AD0C54094F589403F01DB787BD8C
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US