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Money and Trade Questions- Ms JOY

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  • Judgement
    The ability to make good decisions or opinions.
  • How do advertisements or promotions influence your decision on how to pay?
    ๐Ÿ‘‰ Can you give an example?
  • Your Turn
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  • Definition:
    Money that has value because the government says it does and people have trust in that value.
  • ๐Ÿ’ฐ
    Commodity Money
  • Example:
    โ€œSumerian tokens were an early form of money.โ€
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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.
  • Example:
    A bank underwrites (guarantees) a loan.
  • Example:
    โ€œThe first universal credit card was the Diners Club card.โ€
  • ๐Ÿ’ต
    Fiat Money
  • Example:
    A stable bridge is safe to cross.
  • Example:
    The school has a policy about wearing uniforms.
  • Foreign Exchange ๐ŸŒ๐Ÿ’ฑ
    ๐Ÿ‘‰ Changing money from one country into the money of another country.
  • Policy
    A plan of action or set of rules made by a person, company, or government.
  • Example:
    Sumer had some of the earliest cities and writing systems.
  • Here are the
    examples and their meanings:
  • Example:
    After eating at the restaurant, the waiter gave us the bill.
  • Stable
    Not likely to change or fall apart- steady and secure.
  • Example:
    In ancient times, people paid with cowrie shells instead of coins.
  • Transactions
    Exchanges where people buy, sell, or trade something.
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  • Example:
    โ€œAccording to archeologists, the first money was Sumerian tokens.โ€
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  • Example:
    โ€œTodayโ€™s money has value because a government says that it does.โ€
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  • Example:
    Turning art into items to sell is a way to commodify it.
  • Underwrites
    Promises to support or guarantee something, especially financially.
  • If you could design a new way of paying for things in the future, what would it be like?
    ๐Ÿ‘‰ How would it make life easier for people?
  • New
    Vocabulary
  • Example
    :Silver bars
  • Can you remember a time when you couldnโ€™t pay because you didnโ€™t have the right payment method?
    ๐Ÿ‘‰ How did you solve the problem?
  • Example:
    โ€œIf you heat gold, it melts easily, making it ideal for creating coins.โ€
  • How do you usually pay for small items like snacks or drinks?
    ๐Ÿ‘‰ Why do you prefer that method?
  • Condition:
    โ†’ This sentence shows a โ€œifโ€“thenโ€ situation, explaining what happens under certain conditions.
  • Definition:
    Money that has value because it is made of a valuable material or can be exchanged for something valuable.
  • Example:
    She used her credit card to buy a new jacket online.
  • Essentially
    Basically or most importantly.
  • Convenience
    Something that makes life easier or quicker.
  • Example
    :Cowry shells (used in some ancient societies)
  • Credit Card ๐Ÿ’ณ
    ๐Ÿ‘‰ A plastic card from a bank that lets you buy things now and pay for them later.
  • Example:
    You make a payment when you buy a ticket.
  • Defining:
    โ†’ This sentence gives a definition. It tells what something is.
  • ๐Ÿ‘‰ Even if itโ€™s not used as money, it still has intrinsic value โ€”
    meaning itโ€™s worth something on its own.
  • Each sentence in a paragraph serves a specific role โ€”
    to define, classify, quote, report, show cause/effect, state a condition, or name something.
  • Your Turn
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  • Commodify
    To turn something into a product that can be bought or sold.
  • Trigger
    To cause something to start or happen.
  • Payment
    Money or something of value given in return for goods or services.
  • Have you ever used a gift card or store voucher?
    ๐Ÿ‘‰ How did you feel about using it?
  • NEW
    VOCABULARY
  • Causeโ€“Effect:
    โ†’ This sentence explains a reason or result (why something happens).
  • โœ…
    In short:
  • Cowrie Shells
    Small sea shells that were once used as money in many parts of the world.
  • Example:
    The movie is essentially about friendship.
  • Example:
    At the airport, we went to a foreign exchange counter to change pesos into dollars.
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  • Do you think online shopping has changed the way people pay for things?
    ๐Ÿ‘‰ How has it changed your habits, if at all?
  • Do you think contactless payments are safer or riskier than traditional methods?
    ๐Ÿ‘‰ Why do you feel that way?
  • Bill ๐Ÿ’ต
    ๐Ÿ‘‰ A piece of paper that shows how much money you must pay for something (like at a restaurant or for electricity).
  • Example
    :Coins used today
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  • Sumer
    One of the worldโ€™s first civilizations, located in what is now southern Iraq.ย Region of Ancient Mesopotamia
  • Naming:
    โ†’ This sentence simply identifies or names something.
  • Example
    :Gold coins ๐Ÿช™
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  • Example:
    โ€œThere are two types of money: commodity and fiat.โ€
  • Tangible
    Something you can touch or physically feel.
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  • Example:
    Loud noises can trigger a dog to bark.
  • Example:
    Having a store nearby is a convenience.
  • ๐Ÿ‘‰ A โ‚ฑ100 bill isnโ€™t valuable because of the paper itโ€™s printed on โ€”
    itโ€™s valuable because the government guarantees its value and people accept it in exchange.
  • TOPIC
    โ€œUnderstanding the Function of Sentences.โ€
  • Classifying:
    โ†’ This sentence divides things into groups or categories.
  • Value Source:
    Government decree (law) and public confidence, not the material itself.
  • Example
    :Modern paper bills (like the US dollar ๐Ÿ’ต or Philippine peso โ‚ฑ)
  • When you travel, do you prefer to carry local cash or rely on cards?
    ๐Ÿ‘‰ Why do you make that choice?
  • Have you ever received change in coins that you didnโ€™t like carrying?
    ๐Ÿ‘‰ How did you handle the situation?
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  • Example:
    The teacher praised her studentโ€™s good judgement in choosing a project.
  • Reporting:
    โ†’ This sentence shares information from a source or expert.
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  • Example:
    A book is tangible- an idea is not.
  • Example:
    Because of inflation, the same basket of food costs more this year than last year.
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  • Inflation ๐Ÿ“ˆ
    ๐Ÿ‘‰ When the prices of goods and services go up, and money buys less than before.
  • Understanding these roles helps you
    follow the logic and purpose of the text more clearly.
  • Signify
    To mean or show something.
  • Example:
    Buying a snack at a store is a transaction.
  • Example:
    โ€œAs economist Maynard Keynes said, โ€˜Ideas shape the course of history.โ€™โ€
  • Example:
    The bearer of a ticket is the person who has it and can use it.
  • Example:
    A red light can signify โ€œstopโ€ on the road.
  • Bearer
    A person who carries or holds something.
  • Value Source:
    Its own material (for example, gold, silver, or salt).
  • Quoting:
    โ†’ This sentence uses someoneโ€™s exact words to support a point.
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  • Your Turn
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  • In your opinion, is it better to budget money with cash envelopes or by tracking card expenses?
    ๐Ÿ‘‰ Why do you think that method works better?