Simulate a credit card scenario. Make and issue actual cards with current interest rates indicated on them. Give the students an "income" per month. Get students to "buy" several items. Get them to calculate the debt they will have after 6 months, 12 months, 5 years. Compare this to how long they would take to pay cash for the item.Get students to do comparison shopping for credit cards. What is the real cost after taking in consideration yearly charges, late fees, loss of interest free period?
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