Mr. M is back and we began the banking portion of this Money and Banking unit. Mr. M began with the Lenders and Borrowers activity - which is an impossible situation. It demonstrates the need for banks. MR. M and the students looked at the types of banks today, why we use them, different types of savings and checking accounts, and finally, the power of having access to loans! Loans allow people to make their lives better!
Mr. M introduced the Kiva Project. Using Kiva, the students will produce goods and services. They will send all profits away as a no interest loan to a needy entrepreneur of their choice. More to follow on Monday!
No comments:
Post a Comment