Year 3

Money, money, money

This lesson will consider why we have money... what's the point of it? We will also look at why saving is important and different ways of paying for things.

Year 3

Money, money, money

This lesson will consider why we have money... what's the point of it? We will also look at why saving is important and different ways of paying for things.

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Lesson details

Key learning points

  1. By the end of the lesson, pupils will be able to explain: • why we need money • the ways we can pay for things • the importance of saving money • They will create a money box.

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3 Questions

Q1.
What is a Sector?
A desirable quality.
A type of job.
The name given to the role requirements for a job.
Correct answer: The term used to place certain jobs into similar categories.
Q2.
Which of the following Sectors would a Shop worker belong to?
Creative Arts and Design.
Correct answer: Retail.
Sales.
Social Care
Q3.
What is a desirable quality?
A quality that an applicant does not need
A quality that an applicant must have
Correct answer: A quality that you would like an applicant to possess but isn't essential.
Any quality that an applicant could possess,

4 Questions

Q1.
Which of the following is a key reason why we have money?
Because we couldn't use anything else.
Correct answer: It gives everything a monetary value.
It's nice to spend.
So we can exchange money when we go on holiday.
Q2.
Before the invention of money, what was one way that people would obtain the goods they needed?
They would go to the bank and ask them to create money.
They would only use the items they could make.
Correct answer: They would trade items.
They would travel long distances to find things they needed
Q3.
Which of the following is NOT a method we can use to pay for things?
A cheque.
A fingerprint.
A Gift Card.
Correct answer: A pen and pencil
Q4.
Which of the following are important reasons why we should save?
Correct answer: All of the above.
Just in case we need money for an emergency.
So that we can buy items we can't afford in the short term.
So that we don't go into debt.