TEKS & Objectives

7.1.A apply mathematics to problems arising in everyday life, society, and the workplace

7.13 Personal financial literacy. The student applies mathematical process standards to develop an economic way of thinking and problem solving useful in one’s life as a knowledgeable consumer and investor.

We will strengthen our economic skills.

I will apply mathematical thinking to financial situations.

1. Complete warmup.

2. Watch video.

As you watch, consider the true or false questions below. Answer them as you watch to prepare for the quiz that will follow.

T/F Barter means to exchange goods for cash.
T/F The more people who are involved in a trade, the more complicated it will become.
T/F Money should be portable (easy to carry around).
T/F Money should be hard to recognize so you have to look carefully.
T/F Salt has been used as money before.