This lesson focuses on two types of money: paper money and coins. The students identify money and its value (its buying power) while participating in a money-matching activity. They estimate the number of coins in a can; then they determine the exact number of coins and their value in terms of dollars and cents. This lesson correlates with national standards for English language arts, mathematics, and economics, and with personal finance guidelines, as shown in Tables 1-4 in the introductory section of this publication.
At the end of this lesson, the student will be able to:
Distinguish between two kinds of money: coins and paper.
Explain that the value of money is determined by our ability to buy things with it.
Match the names of coins and paper money with their value.
Understand that people use money to get the goods and services they want.
1-5 Students/Job Seekers