Title: Compare the terms and conditions of various sources of consumer credit.
Course: Agricultural Business Management III (18201-36) > Section: Making Consumer Choices

Comparison should include

- defining the terms
  - percentage rates
  - annual fees
  - transaction fees
  - risk-based lending
  - finance charge
- identifying sources of credit (e.g., banks, credit unions, finance companies, farm credit, credit cards)
- identifying the different types of credit (e.g., open- and closed-ended, service credit, secured and unsecured loans)
- identifying the differences among credit institutions
- evaluating options
- assessing the possibility of refinancing
- exploring the role of the U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) in the agricultural community.

Process/Skill Questions:

- What are some differences among credit institutions?
- How does one determine the best source of credit to use?