G9 The Benefits of Money and Impact of Decisions T3

• Business Studies
• Secondary Education
• Age 13

Thursday, 25th April 2024

• To be able to list the benefits of money.
• To identify the impact of financial decisions.

What do you usually do with your
Eid money?

I spend it quickly on things (medium of exchange).

I save it for the future (increase wealth)

Fatima has a coffee shop selling Emirati desserts and coffee. She set the price at 25 AED. Which function of money is this an example of?

1. Delayed payments
2. Assigning prices
3. Medium of exchange
4. Increasing wealth

Question:

What are the benefits of money? 

 

Aliyah is giving some of her Eid money to the charity. 

a) satisfy needs or wants

b) prepare for the future

c) give to others less fortunate

It is important for businesses to think carefully about what to spend their money on.

Which product has more value?

1. the Apple smartphone (3,000 AED)
2. the Nokia mobile phone (1,000 AED)

Can you explain Why? 

100 AED

Sustainability

people - planet - profit