Money and Banking Basics
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Money and Banking Basics
📚 Part 1: Vocabulary and Multiple Choice
I can: Define key money and banking terms and identify consumers and producers.
💰 Part 2: Money Problems
I can: Solve money word problems and create tables to track earnings.
Week 1: $18 Week 2: $12 Week 3: $25
Which statement is true about Emma?
Week 1: $16 Week 2: $20 Week 3: $18
Which statement is true about Carlos?
Answer: Tom has _______ cents.
Answer: Sarah and Tom have _______ cents in all.
🔑 Answer Key
1. Vocabulary Matching:
Consumer → A person who buys goods or services
Producer → A person who makes goods or provides services
Bank → A place that keeps money safe
Deposit → To put money into the bank
Withdrawal → To take money out of the bank
Lender → A person or business that loans money
Borrow → To receive money with the understanding that it will be repaid
2. A person who buys toys
3. Maria is an irresponsible borrower
4. Emma has enough money to buy the book (18 + 12 + 25 = $55, which is more than $42)
5. Carlos has enough money to buy the glove (16 + 20 + 18 = $54, which is more than $48)
6. Tom has 35 cents (63 - 28 = 35)
7. Sarah and Tom have 98 cents in all (63 + 35 = 98)
Extension for Advanced Learners: Create your own word problem about someone saving money for a goal. Include at least 3 weeks of earnings and determine if they have enough money.
Dyslexia-Friendly Support: Students may use manipulatives (coins, counters) to solve money problems. Allow extra time for reading questions aloud.
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