Borrowing Money - Explained by Common Craft - INDV

This video introduces the risks and benefits of using a bank to borrow money. It tells the story of Rachel who reaches her goal of publishing an album by making smart decisions based on interest rates and timeframes. The video includes:

• APRs - the fees involved in borrowing money

• Basic borrowing plans

• Risks of borrowing money

• Avoiding penalties and late fees

Video Info:

• Duration: 03m 25s

• Captions Available: YES

• Lesson Plan: YES

• Category: Money

• ISTE Standard: Knowledge Constructor, Indicator 3d