What is Currency? Exchange Rates

This lesson covers the concept of currency, including its role in an economy as a medium of exchange and store of value, and different types of currency such as traditional currencies and digital currencies like Bitcoin. It also covers the foreign exchange market and how it determines the exchange rate between different currencies, as well … Continue reading What is Currency? Exchange Rates

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Categories Basic Money, Economics, Tags , , , , , , , , , ,
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What is Simple Interest? How to Calculate

Learn the basics of simple interest, and how it is calculated using the simple interest formula. CONCEPTS Use this video lesson on the topic to discuss the financial terminology and basic economic and related concepts of Interest Saving Money Principal PROCEDURE Hand out the worksheet below (see the GET LESSON button near the bottom of … Continue reading What is Simple Interest? How to Calculate

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Categories Banking, Basic Money, Borrowing Money, Money Math, Saving & Investing, Tags , , , , , , , ,
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What is Interest? Introduction to Interest Rates.

Learn the basics of interest, how you earn interest, and compound interest.  An introduction to interest rates. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Interest Interest Rates Saving Bank Loans PROCEDURE Hand out the worksheet below (see the GET LESSON button near the … Continue reading What is Interest? Introduction to Interest Rates.

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Categories Banking, Basic Money, Borrowing Money, Money Math, Saving & Investing, Tags , , , , ,
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What Interest Rate Increases Mean for You

What to expect as the Federal Reserve (the central bank of the United States) increases interest rates. How it impacts your budget, and your money. Understand why the Federal Reserve is increasing rates, so we all will see our borrowing costs potentially rise. Here are some ways that rate hikes could affect you, your money, … Continue reading What Interest Rate Increases Mean for You

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Categories Banking, Basic Money, Borrowing Money, Credit, Credit Cards, Economics, Saving & Investing, Tags , , , , , ,
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Types of Money | Commodity, Representative, Fiat, and Bank Money

What is money? Economists differentiate among several different types.  Learn about the four main types of money including commodity money, representative money, fiat money, and bank money. Also learn why intrinsic value is important for understanding the types of money. CONCEPTS Use this video lesson on the topic to discuss the basic economic concepts of … Continue reading Types of Money | Commodity, Representative, Fiat, and Bank Money

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Categories Banking, Basic Money, Economics, Tags , , , , , ,
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Main Functions of Money

Learn what is money and what are its four main functions. Money serves all these functions: it is a medium for exchange, store of value, unit of account, and standard for deferred payments. CONCEPTS Use this video lesson on the topic to discuss the basic economic concepts of Money Barter Inflation PROCEDURE Hand out the … Continue reading Main Functions of Money

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Getting Ready for Taxes: Documents you Need

The first step towards filing your tax return is to gather all the documents that you will need.  Here, students learn what documents, paperwork, and receipts are needed to file your income tax return.  It is a checklist of documents for completing IRS form 1040 Income tax.  Learn to prepare and organize your tax documents, … Continue reading Getting Ready for Taxes: Documents you Need

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Categories Basic Money, Earning Money, Taxes, Tags , , ,
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Spending Money Wisely: Dog goes to Super Bowl

A dog goes to the Super Bowl. A fun class or lesson starter for the YouTube and TikTok generation. Discuss with students if price discounts are really a good deal, or just a pricing trick? CONCEPTS Use this video on the topic to discuss the money concepts of Needs and wants Understanding discounts Making impulsive … Continue reading Spending Money Wisely: Dog goes to Super Bowl





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Impulse Buying? Dog Orders Chocolate Bar

A dog orders a MrBeast chocolate bar.  Did he win the golden ticket? Here is a fun class or lesson starter for the TikTok or YouTube generation of students on the topics of impulse buying, money and spending. BACKGROUND MrBeast is a popular YouTube celebrity your students are likely familiar with.  He recently has started … Continue reading Impulse Buying? Dog Orders Chocolate Bar

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Categories Basic Money, Spending Money, Tags , , , , , ,
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Abraham Lincoln and the Five Dollar Note

LESSON DESCRIPTION In this lesson, students participate in a puzzle activity to identify leadership characteristics that Abraham Lincoln possessed. They review the changes in the redesigned $5 note and consider how Lincoln’s leadership characteristics contribute to the fact that he is pictured on the $5 note. Students look at a timeline of Lincoln’s life and … Continue reading Abraham Lincoln and the Five Dollar Note

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Categories Basic Money, History of Money, Money Recognition, Tags , , ,
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