RSHE (PSHE)

Growing money

Key Stage 2, RSHE (PSHE), Money matters

Introduction
Intro Quiz
Video
Exit Quiz
Lesson summary

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Growing money

Today we will look at interest rates. How do they work when we are saving money with a bank or building society? And how do they work when we are borrowing from them?

This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Unit quizzes are being retired in August 2023

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Quiz:

Intro quiz - Recap from previous lesson

Before we start this lesson, let’s see what you can remember from this topic. Here’s a quick quiz!

Q1.Which of the following is a key reason why we have money?

It's nice to spend.It gives everything a monetary value.So we can exchange money when we go on holiday.Because we couldn't use anything else.

1/4

Q2.Before the invention of money, what was one way that people would obtain the goods they needed?

They would trade items.They would only use the items they could make.They would travel long distances to find things they neededThey would go to the bank and ask them to create money.

2/4

Q3.Which of the following is NOT a method we can use to pay for things?

A cheque.A fingerprint.A Gift Card.A pen and pencil

3/4

Q4.Which of the following are important reasons why we should save?

Just in case we need money for an emergency.So that we can buy items we can't afford in the short term.So that we don't go into debt.All of the above.

4/4

This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Unit quizzes are being retired in August 2023

Why we're removing unit quizzes from the website >

Quiz:

Intro quiz - Recap from previous lesson

Before we start this lesson, let’s see what you can remember from this topic. Here’s a quick quiz!

Q1.Which of the following is a key reason why we have money?

It's nice to spend.It gives everything a monetary value.So we can exchange money when we go on holiday.Because we couldn't use anything else.

1/4

Q2.Before the invention of money, what was one way that people would obtain the goods they needed?

They would trade items.They would only use the items they could make.They would travel long distances to find things they neededThey would go to the bank and ask them to create money.

2/4

Q3.Which of the following is NOT a method we can use to pay for things?

A cheque.A fingerprint.A Gift Card.A pen and pencil

3/4

Q4.Which of the following are important reasons why we should save?

Just in case we need money for an emergency.So that we can buy items we can't afford in the short term.So that we don't go into debt.All of the above.

4/4

Video

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This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Unit quizzes are being retired in August 2023

Why we're removing unit quizzes from the website >

Quiz:

Growing Money

Don’t worry if you get a question wrong! Forgetting is an important step in learning. We will recap next lesson.

Q1.What mathematical sign is used to work out interest?

Addition.Multiplication.Equals.Percentage.

1/3

Q2.What is the word used when someone borrows money from the bank?

A current account.Savings.Investments.A loan.

2/3

Q3.What are the risks of taking out a loan?

You may go into debtYou could lose the items you bought with the loanYou could lose other items you possesAll of the Above

3/3

This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Unit quizzes are being retired in August 2023

Why we're removing unit quizzes from the website >

Quiz:

Growing Money

Don’t worry if you get a question wrong! Forgetting is an important step in learning. We will recap next lesson.

Q1.What mathematical sign is used to work out interest?

Addition.Multiplication.Equals.Percentage.

1/3

Q2.What is the word used when someone borrows money from the bank?

A current account.Savings.Investments.A loan.

2/3

Q3.What are the risks of taking out a loan?

You may go into debtYou could lose the items you bought with the loanYou could lose other items you possesAll of the Above

3/3

Lesson summary: Growing money

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