NGPF Types of Credit Answers

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When we are stuck in doing assignments, usually we tend to try finding the answers. It may be done as long as you do it for learning, not for cheating. If now, you are looking for the answers for NGPF types of credit, I have tried to find the answers and you can see what I found below.

The Answers for NGPF Types of Credit

When I tried to find the information about the answers for NGPF Types of Credit, I found this site visit link here. On this site, there is the answer for Analyze: Categorizing Credit of NGPF and here is the answer according to the site.

Type of Credit 1. Installment Loans vs Revolving Credit

I = installment

R = revolving

CBE = could be either

2. Secured vs Unsecured Debt

S = secured

U = unsecured

CBE = could be either

3.Variable vs Fixed Rate

V = variable

F = fixed

CBE = could be either

Auto Loan Installment (I) Secured (S) CBE, though fixed is far more common Fixed (F)
Credit card Revolving (R) Unsecured (U) CBE, though fixed is far more common
Mortgage Installment (I) Secured (S) CBE
Payday loan Installment (I) Unsecured (U) Fixed
Personal loan (from a bank) Installment (I) Unsecured (U) CBE
Small business loan (from a bank) CBE Secured (S) CBE
Student loan (Federal) Installment (I) Unsecured (U) Fixed

Part II: Reflection

  1. Why do people sometimes use credit to pay for items instead of just using cash?


  • Need to purchase a necessity before they have the funds available
  • Want the safety or rewards that come along with credit cards
  • Don’t want to carry cash
  • Build their credit history
  • Financially advantageous to save or invest money rather than pay down low-interest loans (ex: invest for retirement vs 4% student loan payment)
  1. When applying for credit, is it preferable to receive a low interest rate or a high interest rate?

Answer: Low – if you don’t pay your balance in full, you are charged an interest rate on your balance. Lower rate means less you owe.

  1. Sometimes, lenders permit or require a downpayment before they extend you the loan. What would be the advantage to the lender? What would be the advantages to the borrower?

Answer: To the lender:

  • Has at least some part of the loan already paid, in case the borrower defaults & they never get the remaining money.
  • Illustrates the borrower is (initially) taking the loan in good faith

To the borrower:

  • No interest is paid on the down payment, so it lowers the total cost of the loan
  1. What questions do you have about these different Types of Credit? Use the space below to note these questions and see if they are answered as you learn more throughout this unit.

Answers may vary.

That’s the answer that I found about NGPF Types of Credit.

Finding the NGPF Answer Keys and Assessments

If you want to know how to find the NGPF answer keys and assessments as teachers, you are able to watch a video of Next Gen Personal Finance entitled How to Find the NGPF Answer Keys and Assessments which was uploaded on October 15th, 2021 and has been watched more than 11k times.

On the video, it is explained that if you want to know the answer keys and assessments, you have to log in to your verified NGPF teacher account. If you want to find the answers for the student activity packets, first, you have to hover over the curriculum tab from there click on the course that you are using for example in the video, he clicks on the nine-week course. If you click on one of the units, you will be able to find a button that takes you to the answer key. You are able to do this for any of the courses that are listed under the curriculum tab.

You are also able to find the assessments and assessments keys through the course pages. First, you have to hover over the curriculum tab and then you need to click on one of the courses. On the example on the video, you are able to see that he will click on the semester course page. If you click on the view summative assessments button at the top of the page, you will be able to access the diagnostic and final exams. If the course has unit tests, you can click the unit you are using and then you have to scroll down. There, you will find a link to the assessment, the google form version of the assessment and also the answer key.

You are able to find the activity answer keys on the unit pages. On the video, you are able to see that he is using resource 6 of the first lesson in the 9-week course which then you will go to the Fine Print: Pay Stub. In the video, you are able to see that he first identifies which unit the activity belongs to, for example fine print is featured in the taxes unit, but it belongs to the career unit.

On the video, you also see on the NGPF website, he hovers over the curriculum tab and clicks on the units and then clicks on the career. From there, on the right-hand side of the page where it says activities, he clicks view more to find the Fine Print activity. He then clicks on it and he will be able to find the answer key button, answer keys for the case studies and the data crunch and also the math activities can be found the same way. They are always on the right-hand side of the unit page.

Through the unit page, you are also able to find the sample student activity packets and also assessments for the nine-week semester and full year courses. Let’s say that you click on the drop-down bar for the lesson as you can see on the video, you will be able to see the sample student activity packet.

If you want to find the answer keys for the financial algebra applications, you will have to hover over the curriculum tab and then click on the financial algebra course. From there, if you click on the lesson, you should be able to see a button to access the answer key for the applications.

That’s the explanation about finding the NGPF answer keys and assessments according to the video on Next Gen Personal Finance YouTube channel. You can watch the video to get the information about it directly.

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