How Credit Cards Work??

For Teachers & Students Only
Credit cards have become an important part of our economy. They serve two main functions, each of which has important benefits for consumers. First, they function as instruments of payment that are often more convenient than cash or checks. Second, credit-card lending is a source of consumer credit that is often more convenient— though usually more expensive—than other kinds of consumer loans. This lesson will allow your students to learn how credit cards work and to discuss some of the issues surrounding the role of credit cards....

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