Financial Exchanges Copyright © Texas Education Agency, All rights reserved.

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Discovery Use a search engine, or your mind, to find out the following (record answers as you find them):  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, All rights reserved. 3

Need to Know Terms  Finance  Financial Exchange  Cash  Debit Card  Credit Card  Credit Limit  Withdraw  Electronic Funds Transfer  Direct Deposit  Automatic Withdrawal  Automatic Draft  PayPal  Goods and Services Trade  Bank Check  Prepaid Credit Card  Legal Responsibility Copyright © Texas Education Agency, All rights reserved. 4

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, All rights reserved. 5

Guided Practice  Download or Set Up the ‘Different Types of Financial Exchange’ Power Point.  Title Slide Information  Types of Financial Exchange Information Copyright © Texas Education Agency, All rights reserved. 6

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, All rights reserved. 7

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