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 course is designed to help you better understand paying and receiving interest.
Teachers: To register your students for one or more of our online courses, visit the Econ Lowdown Teacher Portal.
If you have difficulty accessing this content due to a disability, please contact us at 314-444-4662 or firstname.lastname@example.org.