Money at Work Session 3

Why do we use money?

• To make paper airplanes
• To use as a bookmark
• To buy and sell goods and services

• To play monopoly

What is money?

• Money is a type of fruit that grows on trees
• Money is a type of clothing worn in some cultures
• Money is a type of animal found in the wild
• coins and paper bills made by the government

What is a bank or credit union?

• A business that keeps money safe and lends money.

• A public transportation system
• A place to buy electronics
• A type of grocery store

What are some different ways people pay for things with the money they keep in the bank?

• Cash

• Check

• Credit Card/ Debit Card

• Electronic payment

When you buy something where does the money go?

• To the bottom of the ocean
• To the seller or the company
• To the moon
• To the nearest black hole

People use money to get the things they need and want, because using money is easier than paying with other goods.

• True

• False

People can keep money that they aren't using right now in a bank.

• True

• False

When someone in the community uses money, only that person benefits

• True

• False

Businesses use money to buy their own goods or services.

• True

• False

Money moves to and from people and businesses in the community, and to and from the bank.

• True

• False