The second lesson in this unit focuses on the functions of a bank. It evaluates the purpose of our original bank and connects it with how we use banks today. Many students today do not know how to use a bank, or even what it means to receive an income, and this lesson will teach that and more through the lens of history. By following the standards for financial literacy and history, this lesson allows students to understand their personal finances and how to take care of them, by providing hands-on exercises in conjunction with a comprehensive PowerPoint.
Students have the opportunity to keep a ledger and to learn the meaning of a dollar through the “Job Market” game. For supplemental questions and activities, check out the financial literacy standards here.