This Self-Learning Module (SLM) is prepared so that you, our dear learners, can continue your studies and learn while at home. Activities, questions, directions, exercises, and discussions are carefully stated for you to understand each lesson.
Each SLM is composed of different parts. Each part shall guide you step-by- step as you discover and understand the lesson prepared for you.
Previously, you have learned about the difference between stocks and bonds. We said that stocks are the ownership shares you buy from a company while bonds are a form of long-term investment issued by a corporation or government where the purchaser becomes a creditor of the company. You now also have the background on how to describe different markets for stocks and bonds as well as the skills in analyzing different market indices for stocks and bonds.
Now, you are about to begin another module in General Mathematics. This module was designed and was written with you in mind. It is here to help you learn the concepts of business loans and consumer loans. The scope of this module permits it to be used in many different learning situations. The language used recognizes the diverse vocabulary level of students. The lessons are arranged to follow the standard sequence of the course. But the order in which you read them can be changed to correspond with the textbook you are now using.
Are you ready for the new lesson? Fasten your seatbelt and focus on the world business and consumer loans.
After going through this module, you are expected to:
1. define loan and its related terms;
2. illustrate business loan and consumer loan; and
3. distinguish business loan from consumer loan.
Please use this module with care. Do not put unnecessary marks on any part of this SLM. Use a separate sheet of paper in answering the exercises and tests. And read the instructions carefully before performing each task.