Day 41

Lesson Objectives

• Define the important terminology associated with credit
• Identify what credit is

Notes 1-1

1. Obtain a Notes 1-1 handout from your instructor and fill in the missing parts through the presentation.  You can also view the presentation here.

Assignment CU1

1. Inside of your 21st Century Skills folder, create a new folder named Credit Unit.  You will place any files you create in the Credit Unit inside of this folder.

Assignment CU2

1. Make a copy of this spreadsheet
2. Fill in the Completed column with an X as you get your assignments completed as a means to stay organized.

Assignment CU1.1

1. Inside of your Credit Unit folder, create a new folder titled Lesson 1.  All your tasks completed in Lesson 1 should be stored in this folder.

Assignment CU1.2

1. Using dictionary resources online, define the following credit terms by making a copy of this Google document and rename it Credit Vocabulary-(Your Initials):
   • credit
   • principal
   • interest
   • credit card
   • installment loan
   • student loan
   • mortgage
   • annual percentage rate (APR)
   • credit limit
   • finance charge
   • loan term
   • grace period
   • debt
   • credit report
   • credit score

Assignment CU1.3

1. To establish an understanding of what credit is, take a look at this video. 
2. Use these links to develop answers to the following questions about credit:
   • What is credit?
   • What are the four types of credit?
   • Why do you need credit?
   • How do you establish credit?
   • How do you build good credit?
   • What is a credit score and how is it calculated?
3. Make a copy of this Google Document and rename it Credit-(Your Initials).  

Assignment CU1.4

1. After completing the assigned tasks in Lesson 1 above, share your Lesson 1 folder with your teacher.  You should have the following files in your folder prior to sharing it:
   • Credit Vocabulary
   • Credit

Lesson 1 Quiz-CU

1. Complete the Lesson 1 Quiz for the Credit Unit.