Subject Area Lessons

## #2658. Money Denominations

Mathematics, level: Elementary
Posted Wed Aug 7 09:02:45 PDT 2002 by Joyleene Starliper (jiggajoy@hotmail.com).
Indiana University of Pennsylvania, Indiana, Pennsylvaniak
Materials Required: Money, overhead, computer software program
Activity Time: 30-45 minutes
Concepts Taught: Money Denominations

Money Miss Starliper
Understanding Denominations April 17, 2001
Periods 3, 4, & 5
Objective:
After presenting this lesson, the students will be able to recognize the different denominations of money and how to use them as trade-offs within their home, school, and community (Proposed Academic Standards for FCS 9.1.3 A). They will be able to use the skills they learn to make purchases and for the next exam.
References:NBOC Bank, Indiana, PA Teaching Aids Needed:Overhead projector, different currency denominations (dollar bills, nickels, pennies, dimes, and quarters), pictures, &worksheets.
Room Arrangement
Students will be divided up into teams of five or less. They will then sit in their groups around tables. They can also be using a computer program that the school has about money. It is an interactive lesson that helps them learn while having fun.
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Introduction:
Who has some money with them? Has anyone ever used or earned money? Well today we are going to learn about the different types of money and what they are worth. Pay attention because there will be a project involving the use of money and the information will be on your next exam. It will be an exam on the computer so we can see and hear when we get the answers right. This way will help us learn better.
Content Learning/Subject Matter Activities/Experiences
COINS The four most common coins in America.The penny=one (1) centThe nickel=five (5) centsThe dime=ten (10) centsThe quarter=twenty-five (25) centsOther coins: Half dollar=fifty (50) cents Silver dollar=100 centsBILLS (Paper Currency)The four most common bills in AmericaThe dollar bill=one (1) dollarThe five dollar bill=five (5) dollars The ten dollar bill=ten (10) dollars The twenty dollar bill=twenty (20) dollarsOther bills: The fifty dollar bill=fifty (50) dollars The one hundred dollar bill= one hundred (100) dollars The five hundred dollar bill = five hundred (500) dollars The one thousand dollar bill = one thousand (1,000) dollarsVOCABULARYCurrency PennyDollar sign NickelCent DimeDollar QuarterMoney Five DollarBill Ten DollarCoin Twenty Dollar\$ Fifty Dollar Pass out each of the common coins and bills to each group of students to observe. Have them draw the currency on appropriately colored paper and cut them out. They will use this later to make purchases. Those who have used money before will be the group leaders.There will be a mini-shopping area set up in the back of the room. The groups will put their money together and go shopping for items such as candy, gum, pens, pencils, stickers, etc. I will be the check out girl. When they are finished, I will total their shopping order and ask for the money.At the end we will discuss what they got for their money and how much they had left over and what to do with the left over money. This will go into the next lesson that deals with a savings and spending plan.

Summary of Learning's (Review) of this lesson/Closure
After I go over the money denominations with the students they will work in their groups for the activity. After the activity we will complete a worksheet together in class so they can use it to review for the exam.

Assignment
In class worksheet and to earn money form their parents or guardians some how (chores=allowance) and go to the store with an adult and make a purchase. Bring in the product and the receipt on Monday.

Evaluation Procedure
The students will be evaluated on class participation with the activity and worksheet. They will also be graded on the information that will appear on the exam.

Evaluation of Effectiveness of Lesson and Method of Presentation