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Separate class into 4 groups – Kagan Activity " Team Statement“

This interactive money game divides students into four teams to enhance their understanding of financial concepts. The teacher reads out questions related to saving and earning money. Teams engage in a quick 20-second think time followed by a discussion to arrive at the best answer. Each question allows for team participation, and if a team answers incorrectly, the remaining teams get a chance to respond. Questions cover topics like savings, income, goods and services, making this a fun and educational experience for all.

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Separate class into 4 groups – Kagan Activity " Team Statement“

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  1. Money Game Separate class into 4 groups – Kagan Activity "Team Statement“ Step 1. Teacher reads question Step 2. Think time (20 seconds) and Team Discussion (20 seconds) Step 3. Share Best Answer: (A new person should be chosen as the speaker for each question) *If the team gets the answer wrong, the question will be asked again and the remaining 3 teams will have the chance to answer it correctly.

  2. Money Game Question #1 Where is a good place to save money?

  3. Money Game Great Job! Where is a good place to save money? ANSWER: A bank

  4. Money Game Question #2 How do people earn money?

  5. Money Game Great Job! How do people earn money? ANSWER: By working to sell a good or a service

  6. Money Game Question #3 What is the special word for things that people make or grow?

  7. Money Game Good Job! What is the special word for things that people make or grow? ANSWER: Goods

  8. Money Game Question #4 What is the special word for jobs that help other people?

  9. Money Game Good Job! What is the special word for jobs that help other people? ANSWER: Services

  10. Money Game Question #5 What is the word for the money people earn for doing a job?

  11. Money Game Good Job! What is the word for the money people earn for doing a job? ANSWER: Income

  12. Money Game Question #6 Why do people have to make choices about what to buy?

  13. Money Game Good Job! Why do people have to make choices about what to buy? ANSWER: They have to decide between wants and needs

  14. Money Game Question #7 What should people chose to spend their money on first?

  15. Money Game Question #7 What should people chose to spend their money on first? ANSWER: Their needs

  16. Money Game Question #8 What do we call a person who sells goods or services?

  17. Money Game Good Job! What do we call a person who sells goods or services? ANSWER: Producer

  18. Money Game Question #9 What do we call a person who buys goods or services?

  19. Money Game Good Job! What do we call a person who buys goods or services? ANSWER: Consumer

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