Paying and Receiving Interest Online Module for Teachers and Students

You've probably heard this quote from Shakespeare—"Neither a borrower nor a lender be." What did Shakespeare have against borrowing and lending?

Perhaps, he was concerned that the lender might not be repaid in a timely way. Or, maybe, he was fearful that friendships and family relations might be strained by people's disagreements over loans and repayments. However, Shakespeare might not have considered the role of interest. Interest payments can allow both borrowers and lenders to benefit from their transactions. This module is designed to help you better understand paying and receiving interest.

Teachers:

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Education Level: 9-12
Subjects: Personal Finance
Concepts: Lenders/Borrowers Interest
Resource Types: Online Module
Languages: English