Credit Cards

C. Instruments, institutions, financial markets, and investors, institutions, financial markets, and investors

3. Banks: their role in the financial system and importance to consumers

D. Interest and the cost of money

1. Interest rates- the cost of the temporary use of somebody else's money
2. Measuring interest rates- APRs

F. Credit

1. Forms of credit (loans, credit cards, commercial paper, Treasury notes, bills and bonds)
2. Benefits and costs of credit
3. Credit and the consumer- personal credit reports and ratings, abuses of credit, abuses of creditors (e.g., predatory lending)
4. Short-term versus long-term credit
5. Problems with credit and unsecured credit

F. Managing your money