Learning about money
Students ages 6 and 7
May or October
3 hours and 30 minutes
Area of learning:
- Environment and consumption
Financial and cooperative skills
- Learning the value of Canadian coins and bills
- Recognizing Canadian money
- Making a purchase under a certain amount
Students learn to understand and calculate the value of coins and bills.
All the documents you need to carry out this activity are in the right-hand column under Useful links.
Task 1: Differentiating between value and quantity
At the end of this task, students will be able to differentiate between the value and quantity of coins and bills.
- Time required
45 minutes (including time for cutting)
- Teaching material:
Canada's Coins and Bank Notes
(PDF, 2.46 MB)
- Form 2 piles of coins for the class. Ask students to name the pile with the most money.
- Count the pile for the students and demonstrate that the largest pile (with the largest quantity of coins) isn't necessarily the pile with the largest monetary value.
- Discuss the definitions of the words value and quantity.
- Hand out the Canada's Coins and Bills sheet and have the children cut out the coins and bills.
- Ask students to use the cut-outs to individually answer the following two questions:
- QWhat quantity of coins and bills do you have? The team should have 12 coins and 6 bills.
- What is the value of all the coins and bills? The team should have $76 and $0.80.
- Example of money piles for comparison:
A large pile of nickels and a small pile of quarters. It's important to show the difference between quantity and value.
- Value: what an object is worth, its price
- Quantity: number of elements in a whole