1. Financial Exchanges Copyright © Texas Education Agency, 2012. All rights reserved.

2. “Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked ™ as the property of the Texas Education Agency and may not be reproduced without the express written permission of the Texas Education Agency, except under the following conditions: 1)Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from the Texas Education Agency; 2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only without obtaining written permission of the Texas Education Agency; 3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way; 4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged. Private entities or persons located in Texas that are not Texas public school districts or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from the Texas Education Agency and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty fee. Copyright © Texas Education Agency, 2012. All rights reserved. 2

3. Discovery Use a search engine, or your mind, to find out the following (record answers as you find them):  Can you think of at least 10 different ways people pay for their wants and needs?  How many different types of paper money do we have here in the US?  Does everyone in the world use the same ways to pay as we do here in the US? Why or why not?  What are some other forms of currency around the world?  Do you have to pay money for everything in life?  What are some acceptable ways of paying for needs and wants? Copyright © Texas Education Agency, 2012. All rights reserved. 3

4. Need to Know Terms  Finance  Financial Exchange  Cash  Debit Card  Credit Card  Credit Limit  Withdraw  Electronic Funds Transfer  Direct Deposit  Automatic Withdrawal  Automatic Draft  PayPal  Goods and Services Trade  Bank Check  Prepaid Credit Card  Legal Responsibility Copyright © Texas Education Agency, 2012. All rights reserved. 4

5. Introduction-Purpose of Assignment SWBAT (Student Will Be Able To)  identify different types of financial exchanges  evaluate different types of financial exchanges  create a new form of financial exchange  come to at least one conclusion based on individual preferences for both now and in the future Copyright © Texas Education Agency, 2012. All rights reserved. 5

6. Guided Practice  Download or Set Up the ‘Different Types of Financial Exchange’ Power Point.  Title Slide Information  Types of Financial Exchange Information Copyright © Texas Education Agency, 2012. All rights reserved. 6

7. Independent Practice  Choose 5 types of financial exchange from list and fill in appropriate information.  Come up with your own ‘original’ form of financial exchange and provide appropriate information.  Come to your own conclusion(s) about financial exchange options and you. Copyright © Texas Education Agency, 2012. All rights reserved. 7

8. Presentations Copyright © Texas Education Agency, 2012. All rights reserved. 8