Financial Exchanges
Copyright © Texas Education Agency, 2012. All
rights reserved.
2
Bell Ringer
Use a search engine, or your mind, to find out the
following (record answers as you find them):
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
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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, 2012. All rights reserved.
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Need to Know Terms
 Direct
 Finance
 Financial
Exchange
 Cash
 Debit
Card
 Credit Card
 Credit Limit
 Withdraw
 Electronic Funds
Transfer
 Direct Deposit
Deposit
 Automatic Withdrawal
 Automatic Draft
 PayPal
 Goods and Services
Trade
 Bank Check
 Prepaid Credit Card
 Legal Responsibility
Copyright © Texas Education Agency, 2012. All rights reserved.
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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, 2012. All rights reserved.
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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, 2012. All rights reserved.
Different Forms of Financial Exchange
How do we pay for things and who is responsible?
Purpose of Assignment
State
in your words
the purpose
of this assignment.
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Types of Financial Exchange
List ten different types of
financial exchange
identified in this lesson
and
any additional you
come up with on your own
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Types of Exchange Detail
[Type 1]
Definition
Best Time(s) to Use It
Who is Responsible?
Worst Time to Use it
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Forms of Exchange
[Type 2]
Definition
Best Time(s) to Use It
Who is Responsible?
Worst Time to Use it
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Forms of Exchange
[Type 3]
Definition
Best Time(s) to Use It
Who is Responsible?
Worst Time to Use it
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Forms of Exchange
[Type 4]
Definition
Best Time(s) to Use It
Who is Responsible?
Worst Time to Use it
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Forms of Exchange
[Type 5]
Definition
Best Time(s) to Use It
Who is Responsible?
Worst Time to Use it
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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.
Best Time(s) to Use It
• On a date
Small item purchases
•
Who is Responsible?
The person who has it.
Worst Time to Use it
•
Online purchases
• When traveling
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Original Form Of Exchange
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’)
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Conclusion
• 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.
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Presentations
Copyright © Texas Education Agency, 2012. All rights reserved.