Payday Loans or Cash Advances
Payday Loans or Cash Advances
Learners will understand the true costs of payday loans and cash advances.
- Pencil, eraser (calculator – instructor option)
- Skill Building activities – Practice sheet for Interest Rates (feel free to modify) with Answer Sheet
A2. Interpret documents
Competency A: Find and Use Information
Task Group A2: Interpret documents
Level: 2
At this level, learners: Interpret simple documents to locate and connect information
Performance Descriptors
The learner:
- Performs limited searches using one or two search criteria
- Extracts information from tables and forms
- Locates information in simple graphs and maps
- Uses layout to locate information
- Makes connections between parts of documents
- Makes low-level inferences
- Begins to identify sources and evaluate information
Task Descriptors
- Scope of task is clearly defined
- Involves one document
- Uses a simple format
- Displays a limited amount of information
- Is typically up to one page in length
- May include unfamiliar elements (e.g. vocabulary, context, topic)
- Documents at this level may contain a paragraph or more of text
Examples:
- Forms
- Tables
- Simple graphs
- Street maps
- Simple flow charts
- Floor plans
ESKARGO:
Embedded Skills, Knowledge and Attitudes Reference Guide for Ontario – A2.2
C1. Manage money
Competency C: Understand and Use Numbers
Task Group C1: Manage money
Level: 3
At this level, learners: Find, integrate, and analyze numerical information to make multi-step calculations to compare cost options and prepare budgets
Performance Descriptors
The learner:
- Calculates using numbers expressed as whole numbers, fractions, decimals, percentages, and integers
- Manages unfamiliar elements (e.g. context, content) to complete the task
- Chooses and performs required operations; makes inferences to identify operations
- Selects appropriate steps to reach solutions from among options
- Identifies a variety of ways to complete the task
- Finds, integrates, and analyses numerical information
- Organizes and displays numerical information (e.g. tables, graphs)
- Makes estimates
- Uses strategies to check accuracy (e.g. estimating, using a calculator, repeating a calculation, using the reverse operation)
Task Descriptors
- Scope of task may not be clearly defined
- May include unfamiliar elements (e.g. context, content)
- Requires two or more operations; operations must be inferred
- Requires multiple steps to complete
- Has many options to complete; does not have a set procedure
- May involve documents such as utility bills
- May involve working within differing cost structures
- May require converting between whole numbers, fractions, decimals, ratios, and percentages
ESKARGO:
Embedded Skills, Knowledge and Attitudes Reference Guide for Ontario – C1.3