Lenders charge different interest rates based on the risk of nonpayment by borrowers. The higher the risk of nonpayment, the higher the interest rate charged. The lower the risk of nonpayment, the lower the interest rate charged.
Standard detail
7.
Benchmark
Depth 1Parent ID: BD0010AE2C194BBABEE75C646811EF7EStandard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 7.
- List ID
- 7.
- Standard ID
- 70681FFB11B5475F8CE6B8FA1FCAD774
- ASN identifier
- S2604580
- Subject
- Financial Literacy
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- BD0010AE2C194BBABEE75C646811EF7E
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US