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

Bell Ringer 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, All rights reserved. 2

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, All rights reserved. 3

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, All rights reserved. 4

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, All rights reserved. 5

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, All rights reserved. 6

Different Forms of Financial Exchange How do we pay for things and who is responsible?

Purpose of Assignment 8 State in your words the purpose of this assignment.

Types of Financial Exchange 9 List ten different types of financial exchange identified in this lesson and any additional you come up with on your own

[Type 1] Definition Who is Responsible? Best Time(s) to Use It Worst Time to Use it 10 Types of Exchange Detail

[Type 2] Definition Who is Responsible? Best Time(s) to Use It Worst Time to Use it 11 Forms of Exchange

[Type 3] Definition Who is Responsible? Best Time(s) to Use It Worst Time to Use it 12 Forms of Exchange

[Type 4] Definition Who is Responsible? Best Time(s) to Use It Worst Time to Use it 13 Forms of Exchange

[Type 5] Definition Who is Responsible? Best Time(s) to Use It Worst Time to Use it 14 Forms of Exchange

Cash Given Definition… Ready money, such as money in hand, petty cash (used in businesses), bank account balance, and money market accounts. In my own words… Money that is mine and I can spend anywhere and any time. Who is Responsible? The person who has it. Best Time(s) to Use It On a date Small item purchases Worst Time to Use it Online purchases When traveling 15 Forms of Exchange

Original Form Of Exchange 16 Design an original form of financial exchange and provide the following information: What do we call it? When can we use it? Who would be legally responsible for it? What would it look like? (you can use the shapes, fills and clip part to create your own form of ‘currency’)

Conclusion 17 Write a conclusion statement for the assignment. This can be choices you would make when it comes to your future finances A quote (make sure credit is given to the author of the quote) that best sums up how you feel about money and the use of money in our society. Anything you think of to help tie everything together.

Presentations Copyright © Texas Education Agency, All rights reserved. 18