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Money Game. Separate class into 4 groups – Kagan Activity " Team Statement“ Step 1. T eacher reads question Step 2. Think time (20 seconds) and Team Discussion (20 seconds) Step 3. Share Best Answer: (A new person should be chosen as the speaker for each question)
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Money Game Separate class into 4 groups – Kagan Activity "Team Statement“ Step 1. Teacher reads question Step 2. Think time (20 seconds) and Team Discussion (20 seconds) Step 3. Share Best Answer: (A new person should be chosen as the speaker for each question) *If the team gets the answer wrong, the question will be asked again and the remaining 3 teams will have the chance to answer it correctly.
Money Game Question #1 Where is a good place to save money?
Money Game Great Job! Where is a good place to save money? ANSWER: A bank
Money Game Question #2 How do people earn money?
Money Game Great Job! How do people earn money? ANSWER: By working to sell a good or a service
Money Game Question #3 What is the special word for things that people make or grow?
Money Game Good Job! What is the special word for things that people make or grow? ANSWER: Goods
Money Game Question #4 What is the special word for jobs that help other people?
Money Game Good Job! What is the special word for jobs that help other people? ANSWER: Services
Money Game Question #5 What is the word for the money people earn for doing a job?
Money Game Good Job! What is the word for the money people earn for doing a job? ANSWER: Income
Money Game Question #6 Why do people have to make choices about what to buy?
Money Game Good Job! Why do people have to make choices about what to buy? ANSWER: They have to decide between wants and needs
Money Game Question #7 What should people chose to spend their money on first?
Money Game Question #7 What should people chose to spend their money on first? ANSWER: Their needs
Money Game Question #8 What do we call a person who sells goods or services?
Money Game Good Job! What do we call a person who sells goods or services? ANSWER: Producer
Money Game Question #9 What do we call a person who buys goods or services?
Money Game Good Job! What do we call a person who buys goods or services? ANSWER: Consumer