TEKS: Chapter 113. Social Studies See All Teacher Resources

113.49.c.8

(8) Credit and borrowing. The student understands the use of credit to make purchases. The student is expected to:

• (A) compare and contrast sources of credit such as banks, merchants, peer-to-peer, payday loans, and title loans;
• (B) compare and contrast types of credit, including revolving and installment credit, and collateralized loans versus unsecured credit; and
• (C) evaluate the impact of credit decisions on monthly budget, income statement, and net worth statement.