Introduction

Imagine that a chef wants to open a restaurant. Before they can open this restaurant, they must first make sure they have enough money to do so. How could they get the money to open their restaurant?

Work with a partner, if possible, and discuss this question:

• Where does money come from?

Record your thinking in the following fillable and printable document Where Does Money Come From? You can also record your answers in your notebook or using another method of your choice.

Press the Activity button to access Where Does Money Come From?

Activity (Open PDF in a new window)

Chef supplies

Question 1

The chef is almost ready to open their restaurant! They have some money and need to make a list of things to buy for their restaurant.

Brainstorm ten items the chef might need to spend money on. Record your ideas using a method of your choice.

Question 2

The list the chef created totaled $320. Sadly, the chef only had $300 to purchase the items. What are their options? Record your ideas using a method of your choice.

Practice

A group of friends want to get ice cream cones, so they walk to the ice cream shop. They each buy a two-scoop ice cream. The total cost is $8. If they gave the cashier $10, how much change can they expect?

Record your ideas using a method of your choice.

What combination of coins can the group of friends expect to receive in change?

Record your ideas using a method of your choice.

Reflection

How do you feel about what you have learned in this activity?  Which of the next four sentences best matches how you are feeling about your learning? Press the button that is beside this sentence.

I feel...

I have an excellent understanding of the concepts   I have a very good understanding of the concepts   I have some understanding but need to review some more  my understanding of the concepts needs a lot more work

Now, record your ideas about your feelings using a voice recorder, speech-to-text, or writing tool.