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 Pay

You 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.