Money Is for Buying: teacher key

Money, grade 1 edition, written for 1st grade. People use money to buy things. Before money, people used barter. Then came shells, coins and paper money, and the bank, a safe place to keep it.

Read the book. Print this page for the key.

Questions and answers

1. What is barter?
   • Trading things you have for things you want (answer)
   • Printing paper money
   • Digging for gold
2. What did people use as money for thousands of years?
   • Cowrie shells (answer)
   • Pencils
   • Hats
3. Who invented coins?
   • The bank
   • A seller
   • The ancient Lydians (answer)
4. Where did paper money begin?
   • Turkey
   • China (answer)
   • The bank
5. What can you do if you have no money yet?
   • Throw coins away
   • Stop all trading
   • Save until you have enough (answer)
6. What is a bank?
   • A kind of coin
   • A safe place to keep money (answer)
   • A shell

Words

• barter: trading things
• cowrie: small white shell
• Lydians: people of Lydia
• bank: safe money place