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Money and Trade Questions- Ms JOY
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Judgement
The ability to make good decisions or opinions.
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How do advertisements or promotions influence your decision on how to pay?
๐ Can you give an example?
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Your Turn
great job
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Definition:
Money that has value because the government says it does and people have trust in that value.
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๐ฐ
Commodity Money
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Example:
โSumerian tokens were an early form of money.โ
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Your Turn
great job
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Your Turn
great job
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Your Turn
great job
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This reading skill helps you figure out why a sentence is written โ what its purpose or function is in the text.
Knowing this helps you understand how information is organized and how ideas connect.
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Example:
A bank underwrites (guarantees) a loan.
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Example:
โThe first universal credit card was the Diners Club card.โ
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๐ต
Fiat Money
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Example:
A stable bridge is safe to cross.
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Example:
The school has a policy about wearing uniforms.
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Foreign Exchange ๐๐ฑ
๐ Changing money from one country into the money of another country.
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Policy
A plan of action or set of rules made by a person, company, or government.
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Example:
Sumer had some of the earliest cities and writing systems.
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Here are the
examples and their meanings:
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Example:
After eating at the restaurant, the waiter gave us the bill.
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Stable
Not likely to change or fall apart- steady and secure.
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Example:
In ancient times, people paid with cowrie shells instead of coins.
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Transactions
Exchanges where people buy, sell, or trade something.
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Your Turn
great job
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Example:
โAccording to archeologists, the first money was Sumerian tokens.โ
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Your Turn
great job
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Example:
โTodayโs money has value because a government says that it does.โ
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Your Turn
great job
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Example:
Turning art into items to sell is a way to commodify it.
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Underwrites
Promises to support or guarantee something, especially financially.
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If you could design a new way of paying for things in the future, what would it be like?
๐ How would it make life easier for people?
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New
Vocabulary
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Example
:Silver bars
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Can you remember a time when you couldnโt pay because you didnโt have the right payment method?
๐ How did you solve the problem?
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Example:
โIf you heat gold, it melts easily, making it ideal for creating coins.โ
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How do you usually pay for small items like snacks or drinks?
๐ Why do you prefer that method?
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Condition:
โ This sentence shows a โifโthenโ situation, explaining what happens under certain conditions.
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Definition:
Money that has value because it is made of a valuable material or can be exchanged for something valuable.
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Example:
She used her credit card to buy a new jacket online.
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Essentially
Basically or most importantly.
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Convenience
Something that makes life easier or quicker.
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Example
:Cowry shells (used in some ancient societies)
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Credit Card ๐ณ
๐ A plastic card from a bank that lets you buy things now and pay for them later.
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Example:
You make a payment when you buy a ticket.
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Defining:
โ This sentence gives a definition. It tells what something is.
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๐ Even if itโs not used as money, it still has intrinsic value โ
meaning itโs worth something on its own.
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Each sentence in a paragraph serves a specific role โ
to define, classify, quote, report, show cause/effect, state a condition, or name something.
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Your Turn
Good Job
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Commodify
To turn something into a product that can be bought or sold.
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Trigger
To cause something to start or happen.
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Payment
Money or something of value given in return for goods or services.
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Have you ever used a gift card or store voucher?
๐ How did you feel about using it?
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NEW
VOCABULARY
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CauseโEffect:
โ This sentence explains a reason or result (why something happens).
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โ
In short:
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Cowrie Shells
Small sea shells that were once used as money in many parts of the world.
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Example:
The movie is essentially about friendship.
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Example:
At the airport, we went to a foreign exchange counter to change pesos into dollars.
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Your Turn
great job
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Do you think online shopping has changed the way people pay for things?
๐ How has it changed your habits, if at all?
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Do you think contactless payments are safer or riskier than traditional methods?
๐ Why do you feel that way?
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Bill ๐ต
๐ A piece of paper that shows how much money you must pay for something (like at a restaurant or for electricity).
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Example
:Coins used today
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Your Turn
Good Job
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Sumer
One of the worldโs first civilizations, located in what is now southern Iraq.ย Region of Ancient Mesopotamia
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Naming:
โ This sentence simply identifies or names something.
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Example
:Gold coins ๐ช
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Your Turn
great job
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Example:
โThere are two types of money: commodity and fiat.โ
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Tangible
Something you can touch or physically feel.
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Your Turn
Good Job
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Your Turn
great job
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Example:
Loud noises can trigger a dog to bark.
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Example:
Having a store nearby is a convenience.
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๐ A โฑ100 bill isnโt valuable because of the paper itโs printed on โ
itโs valuable because the government guarantees its value and people accept it in exchange.
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TOPIC
โUnderstanding the Function of Sentences.โ
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Classifying:
โ This sentence divides things into groups or categories.
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Value Source:
Government decree (law) and public confidence, not the material itself.
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Example
:Modern paper bills (like the US dollar ๐ต or Philippine peso โฑ)
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When you travel, do you prefer to carry local cash or rely on cards?
๐ Why do you make that choice?
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Have you ever received change in coins that you didnโt like carrying?
๐ How did you handle the situation?
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Your Turn
great job
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Example:
The teacher praised her studentโs good judgement in choosing a project.
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Reporting:
โ This sentence shares information from a source or expert.
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Your Turn
great job
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Your Turn
great job
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Example:
A book is tangible- an idea is not.
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Example:
Because of inflation, the same basket of food costs more this year than last year.
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Your Turn
great job
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Inflation ๐
๐ When the prices of goods and services go up, and money buys less than before.
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Understanding these roles helps you
follow the logic and purpose of the text more clearly.
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Signify
To mean or show something.
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Example:
Buying a snack at a store is a transaction.
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Example:
โAs economist Maynard Keynes said, โIdeas shape the course of history.โโ
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Example:
The bearer of a ticket is the person who has it and can use it.
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Example:
A red light can signify โstopโ on the road.
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Bearer
A person who carries or holds something.
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Value Source:
Its own material (for example, gold, silver, or salt).
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Quoting:
โ This sentence uses someoneโs exact words to support a point.
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Your Turn
great job
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Your Turn
Good Job
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In your opinion, is it better to budget money with cash envelopes or by tracking card expenses?
๐ Why do you think that method works better?
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