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My Five Cents: Why borrowing can cost you more

Video My Five Cents: Why borrowing can cost you more

TLF ID M025250

Think credit cards are basically free money? Gen Fricker will make you think again. Learn how interest rates and fees affect the money you borrow, and why they may be more expensive in the long run. Oh dear! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

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Educational details

Year level

7; 8; 9; 10

Topics Calculators Decision making Equations Budgeting Proportions Money Personal finance Financial transactions Credit cards Metres per second Interest (Finance) Consumer sovereignty Credit (Finance) Ratios Causality Rates (Ratios) Mathematical expressions Justification (Reasoning)
Learning area
  • Mathematics
  • Humanities and Social Sciences
  • Economics and Business

Other details

Contributors
  • Contributor
  • Name: Australian Broadcasting Corporation
  • Organization: Australian Broadcasting Corporation
  • Description: Creator
  • URL: http://www.abc.net.au
  • Name: Education Services Australia
  • Organization: Education Services Australia
  • Description: Data manager
  • Address: VIC, AUSTRALIA
  • URL: http://www.esa.edu.au/
  • Publisher
  • Name: Australian Broadcasting Corporation
  • Organization: Australian Broadcasting Corporation
  • Description: Publisher
  • URL: http://www.abc.net.au
  • Resource metadata contributed by
  • Name: Education Services Australia Ltd
  • Organisation: Education Services Australia Ltd
  • Address: AUSTRALIA
  • URL: www.esa.edu.au
Access profile
  • Generic
Learning Resource Type
  • Video
Rights
  • Metadata © Australian Broadcasting Corporation and Education Services Australia Ltd 2012 (except where otherwise indicated). Digital content © Australian Broadcasting Corporation 2012 (except where otherwise indicated).