RSC Lesson

Term 3, Week 8
Financial Learning
is Watering Your
Tree
 Learning Intention Success Criteria

• Today, we are learning • Listen carefully

about the philosophy
behind financial • Complete all the
education activities
• We are learning about • Contribute to
world currencies discussions
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Write response here.

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Choose one and
explain your answer?
Q1.

Q2.

Q3.

Q4.
Write response here.
Teaching kids about money is important
• Watch the news report from American station CNBN on Sesame
Street and financial education
https://www.youtube.com/watch?v=KNaNyQHJFMg

• Then, watch an episode of Elmo trying to buy something

https://www.sesamestreet.org/toolkits/save
Why should children and teenagers
learn about money? Discuss.
Currency
• Currency is the is the physical paper notes and coins in circulation. It
is a fancy word for money.
• By accepting the currency, a merchant can sell his or her goods and
have a convenient way to pay their trading partners.
• There are other important benefits of currency too.
• The relatively small size of coins and dollar bills makes them easy to
transport.
• Each country has its own currency, with different names and looks.
Do you know your world currencies?
 Australian dollar
• The Australian dollar
• sign: $; code: AUD
• This is the currency of Australia, including
its external territories: Christmas Island,
Cocos Islands, and Norfolk Island.
American dollar
• The United States
dollar
• symbol: $; code: USD
• also abbreviated US$
• referred to as
the dollar, U.S. dollar,
or American dollar.
English pound sterling
• Pound sterling
• symbol: £; ISO code: GBP
• known in some contexts simply as the pound or
sterling.
• it is the official currency of the United Kingdom,
Jersey, Guernsey, the Isle of Man, Gibraltar, and
others.
• one cent is equal to one penny.
• the Pound sterling is the oldest currency in
continuous use.
Chinese yuan
• The dollar is called yuan
• The currency is called the renminbi,
which means ‘People's Republic of
China’
• It is a major currency in the world
• Its international symbol is CNY with
the symbol ¥
Indian rupee
• The Indian rupee
• sign: ₹; currency code: INR
• The rupee is subdivided
into 100 paise (like our
cents).
Currency Quiz
• Get in to groups of 2 or 3
• Give yourselves a group name which has a
financial theme
• There will be 10 questions
Question One

Which currency uses the code AUD?

Question Two

The yuan belongs to which country?

Question Three

What is India’s currency called?

Question Four

Which country has US$ as its

symbol?
Question Five

What is the name of the currency which

uses these notes?
Question Six

The symbol £ belongs to which

currency?
 Question Seven

Besides Australia, what is one other country/

territory which uses the Australian dollar?

a) Christmas Island
b) New Zealand
c) Stradbroke Island
Question Eight

Which currency is the oldest still

operating in the world today?
Question Nine
The term paise refers to what?

a) A colour on the bank note

b) The Indian term for cents
c) Paper in a book
Question Ten
What were the 5 main countries mentioned in
relation to currency?
Answers
Q1. Australian dollar
Q2. China
Q3. Rupee
Q4. American dollar/ United States dollar
Q5. Pound sterling
Q6. Pound sterling
Q7. Christmas Island
Q8. Pound Sterling
Q9. The Indian term for cents
Q10. Australia, America, England, China, India
College News

• Bring a hat for your HPE lessons and lunchtime play.

• Remember, if sick, stay home from school. Sneeze into your elbow.
Wash hands often and well. Stay warm during winter.