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Second Grade Shoppers. Reviewing the Ways to Pay Economics SOL 2.8. Before there was money…. people would _______ goods and/or services. One crate of cherries for 3 fish. Today we buy goods and services…. with chocolate coins with coins, dollars, and checks - PowerPoint PPT Presentation
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Second Grade Second Grade ShoppersShoppers
Reviewing the Ways to PayEconomics SOL 2.8
Before there was money…people would _______ goods and/or services.
One crate of cherries for 3 fish.
Today we buy goods and services…
A. with chocolate coinsB. with coins, dollars, and checksC. with Monopoly moneyD. with checkers
Ways to PayYou can pay with coins or bills. This is called currency or ______.
Ways to Pay
You can write a _______. It is like a permission slip that tells the bank to pay for the goods or services you need.
Ways to Pay
You can buy now and pay for it later when you use ________.
You will have to pay more because of interest.
How would you pay?
You want to buy a car that costs $25,000. You have $8,000 in the bank.
Would you pay with cash, write a check, or use credit?
How would you pay?
You want to buy a video game that costs $15.00. You have a $20 bill and $50 in the bank.
Would you pay with cash, write a check, or use credit?
How would you pay? You want to buy a new bicycle
that costs $ 125.00. You have a $10 bill and $200.00 in the bank.
Would you pay with cash, write a check, or use credit?
Barter or Buying? Mrs. Custer needs a red marker for
grading tests. Mrs. Custer gives Mrs. Fisher a quarter for her red marker.
What did they do?
Bartering or Buying?
Miss Simpson needs some AR books for her classroom. Mrs. Rowe needs a picture painted for the 100 point AR party. Mrs. Rowe trades books for Miss Simpson’s drawing skills.
What did they do?
Barter or Not?
Sara has a kite. Ian has a Game Boy. Sara wants to trade with Ian. Would this be a fair trade?
Barter or Not?
Carly wants to trade a Cam Jansen book for a Magic Tree House book that Sonali has. Would this be a fair trade?
Goods or Services?
Food
Goods or Services ?
Mechanics
Goods or Services?
Doctors
Goods or Services?
Clothes
Name that Currency!
Name that Currency!
Remember what Ben Franklin said…
A Penny Saved is a Penny Earned.