Learning Goal: Understanding Risk and Risk Management
Bell Ringer: Read and Do Wednesday's Consumer Credit bell ringer.
Read pages 457-461
The Annual Percentage Rate (APR) is a disclosure required by law. It states the percentage cost of credit on a __________________________basis.
Answer questions on page 456 (Do NOT write letter- write the entire answer)
1. True or False. The principal of a loan is the total amount of interest that will be paid.
2. True or False. Interest rates are stated on the basis of one year even if a loan is for several years.
3. The most valuable number to consider when comparing credit among various borrowing sources is the __________________________________________________
Guided Exercise:
Miss W will review the meaning of risk and risk management with PowerPoint notes 5.02 Risk.
Independent Exercise:
Students will learn about risk and review income statements playing the simulation game
http://www.agsurvivor.com/
Student Goals are:
Look at real life income statements
Write down risks that farmers face
THINK of how these risks can be minimized
King Ranch and Wheat fields do NOT work
Review trend buttons
Precipitation means rain
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