Banking Activity!

Who would have known elementary students would be introduced and taught the different banking terms and concepts at such a rather young age. I can't remember learning that much about banking when I was in elementary school. So I was astonished to learn about some of the different terms students are given to learn. Dr. Smirnova paired us into group. As part of our reading for the week, we learned there are five types of questions we should create. My group consisted of Angela, Faith and me. Together we researched the internet and used different resources Dr. Smirnova gave us to form our banking quiz. Faith really had her reading down and guided us to help us form our questions. Together we were able to successfully create a five question banking quiz. Below is our banking quiz:

You can BANK on us!!!!!!!!!!!!!!!!!!!!!!!!!

American Banking

* Required

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_______ is another word for money. *Please fill in the bubble for the best answer.

·                      Credit

·                      Barter

·                      Currency

·                      Investment

Name three transactions that can be done at a bank. *Please provide three short answers.

·                      _________________________

·                      _________________________

·                      _________________________

When you make a deposit into your savings account, the balance goes down. *Please fill in the correct answer.

·                      True

·                      False

Matching *Please fill in the correct bubble to match the term with the correct definition.

		Savings	Interest	Funds	Checking	Debt
A bank account you use to accumulate money.
The cost of borrowing money.
Money.
A bank account where money is kept so the owner can write checks.
Money owed usually as a result of borrowing.

Essay:Describe two types of accounts that you can open at a bank. Include at least two uses for each account. *Be sure to include vocabulary that you've learned in your essay.

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                                                                        ESSAY RUBRIC

Category	0	1	2	3
Grammar	Student did not do assignment or had so many errors it was incomprehensible	Student used verb constructions incorrectly for the assignment. Student did not vary verbs, or made many mistakes	Student used verb constructions correctly for the assignment. Student tried to use a variety of verbs and subjects, but with several errors	Student used verb constructions correctly for the assignment. Student used a variety of verbs and subjects, with no or almost no errors.
Vocabulary	Student did not do assignment or it had so many errors it was incomprehensible	Student used little variety of verbs and subjects sticking with familiar vocabulary, with frequent errors.	Student used little variety of verbs and subjects sticking with familiar vocabulary, with no or almost no errors.	Student used a variety of verbs and subjects and additional vocabulary, with no or almost no errors
Creativity/Effort	Student did not do assignment or it had so many errors it was incomprehensible. Work showed lack of effort.	Student used little variety of verbs and subjects sticking with familiar vocabulary, with frequent errors. Work showed lack of effort.	Student clearly made an effort to be creative, trying to use new verbs and vocabulary, but made several mistakes	Student clearly made an effort to be creative, using new verbs and vocabulary correctly.

ACTIVELY ENGAGE PARENT BY:

9/26/11

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Extra Extra Read All About it!!!

                          

Dear Parents:

       Starting this week we’ll be discussing banking and money principles in class. We ask that you actively participate whenever possible at home. Be sure to include your student in transactions that involve money. Take them to the bank with you to cash a check or make a deposit. Let them hand the money to the cashier at a grocery store. Be sure to allow your student to actively participate in your duties. At the end of the unit we will be asking all parents who are available to volunteer, to come visit our classroom bank and participate in a role play where the students will have to process fake banking transactions. Parents will be using fake driver’s licenses, passports, check cashing, savings accounts etc. Thank you in advance for all of your help, the whole class is looking forward to you coming in.

Sincerely,

Mrs. Anfaje

                     

ALL ABOUT THE QUESTIONS ON THE TEST:

The multiple choice question (1) checks for understanding of the vocabulary terms. The distractors that we used are not obvious answers but are also not thought of to trick the students. 

The short answer question (2) we provided small spaces requiring specific short answer responses. We made it clear we did not want sentences, just specific terms listed in the space provided.

The true/false question (3) we wanted to see if the students understood what making a deposit meant, requiring a higher level of thinking than just remembering a definition.

The matching question (4) we were checking for vocabulary knowledge to see if they could distinguish between the terminology.

The essay question (5) we wanted the students to clearly describe the two accounts we learned about in a bank, while using their own knowledge plus the vocabulary terms learned during this unit.

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Our interactive activity started in the beginning of this unit when we sent our parent letter home. We asked parents to actively participate in our unit plans by asking them to include the students in as many financial transactions as possible at home. We then asked the parents to volunteer in our role play classroom bank where the classroom will be set up like a bank and the parents will be banking customers. The students would process all banking transactions from opening accounts to cashing checks, etc.

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