In the National Standards and Guidelines for Initial Teacher Education

question 11

Multiple Choice

In the National Standards and Guidelines for Initial Teacher Education (ACDE, 1998) an example of Standard 14 'working in schools and systems' would be to:

• A) gain a knowledge of relevant curriculum documents and resources.
• B) encourage student behaviour which promotes learning.
• C) understand human growth and development.
• D) have an understanding of teacher roles outside the classroom.

Determine annual interest rates from given financial scenarios.

Understand the relationship between present value factor (PVF) and future value factor (FVF) and how they are calculated.

Grasp the concept of opportunity cost and its relevance in financial decisions.

Identify and apply the principle of time value of money in various financial contexts.

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Definitions:

Usury Laws

Regulations that set maximum interest rates which can be charged on loans, to protect borrowers from excessively high rates.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the principal, paid to lenders over a period.

Real Rate of Return

The rate of profit or loss on an investment after adjusting for inflation, providing a more accurate measure of purchasing power.

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, eroding purchasing power over time.