Idea 1of 23
Who pays whom
Who does money move between, and how?
Today you'll discover
- who money moves between
- which way an arrow of money points
- the many ways money can move
Think firstAva, her aunt, a bakery and a food bank
The bakery pays Ava's aunt $640 for her work. Which way is that money moving?
Decide first, then press Next. Follow each arrow from its tail to its head.
Four boxes: Ava and her aunt on the left, a bakery at the top right, a food bank at the bottom right. Arrows appear group by group: $6.50 for muffins from Ava to the bakery and $640 pay from the bakery to the aunt; a $25 gift from the aunt to Ava; donations of $30 and $50 to the food bank. Then the way of each: cash, direct deposit, e-transfer, online payment, cheque. The last step shows Liam, his grandpa, a sports store and his school.
See the whole ideathe big idea and the key word, in one place
The big idea
Money moves among people, businesses and organizations, by cash, card, cheque or e-transfer.
Four kinds of transferBuying: person to business. Pay for work: business to person. A gift: person to person. A donation: person or business to an organization.
Compare themA business sells things to make money. An organization, like a food bank, a school or a sports league, serves people instead.
Key words
- transfer
- money moving from one person, business or organization to another
- organization
- a group, like a food bank, a school or a sports league, that serves people instead of selling to make money
Ready to use it?
- Say who pays whom in a money story.
- Name the way the money moves.