Substrand: "5.3 Money" (30 periods)

Money is a method of exchange for goods and services in the economic system of a country. It can also be saved in financial institutions.

Learner's should:

Learner's should:

Learner's should:

5.3.1 know that money is a form of exchange (k)

5.3.1.1 explain the differences between various types of exchange (e.g. cash, credit, bartering)

5.3.2 know that money has value because a nation has wealth (k)

5.3.2.1 list five different uses of money in the community
5.3.2.2 select examples of money from a collection of pictures that show coins, notes, bank cards and traditional forms of money and explain whether each is considered valuable

5.3.3 know that there is a system for handling a nation’s money (a/v)

5.3.3.1 find out why we use banks

5.3.4 understand that banks earn money by charging fees for handling other people’s money (u)

5.3.4.1 identify the services that banks offer to people

5.3.5 appreciate the importance of planning to save and use money (v)

5.3.5.1 identify proper ways of spending and saving money (e.g. planning or budgeting, record keeping and banking