💰 Part 1: Functions of Money

1. What are the three main functions of money? Choose all that apply:

Medium of exchange

Store of value

Entertainment source

Unit of account

2. Which of these is the BEST example of money being used as a "store of value"?

Buying lunch with $10

Saving $500 in a bank account for a holiday

Comparing the price of two phones

Using EFTPOS at the supermarket

3. Complete this sentence: When you use money to compare the cost of a chocolate bar ($2) with a drink ($3), money is acting as a ________________.

4. Give one example of how you used money as a "medium of exchange" this week:

🏦 Part 2: Banking Simulation Reflection

5. What role did you play in the banking simulation?

Customer

Bank Teller

Bank Manager

6. Describe one banking transaction you completed or observed during the simulation:

7. Why do banks lend money to customers? Explain in your own words:

8. What was the most challenging part of the banking simulation for you?

9. List three services that banks provide to help people manage their money:

1. _________________________________

2. _________________________________

3. _________________________________

10. How do you think banks affect economic activity in New Zealand? Give one example:

11. Exit Ticket: One new thing I learned about money or banking today is...