Transcript: Understanding Money
Troy stands next to a gray chalkboard showing math signs, different coins and a colourful logo that reads "TVOKids Home Work Zone." He is in her early thirties, clean-shaven and bald. He wears a blue T-shirt and a watch.
He says HEY GUYS, IT'S
TEACHER TROY HERE WITH SOME
TODAY WE'RE GOING TO BE TALKING
ABOUT MATH AND MONEY BUT
SPECIFICALLY WE'RE GOING TO BE
TALK ABOUT CHANGE AND DEALING
WITH ONE DOLLAR.
IF WE LOOK AT IT, A DOLLAR HERE
IN CANADA IS CALLED A LOONY AND
WE USED TO, HOPEFULLY YOU'RE
USED TO CARRYING AT LEAST A GOLD
COIN IN YOUR POCKET EVER SO
He points to a large golden coin and continues BUT WHAT IS THIS DOLLAR REALLY
THIS IS A PENNY.
IMAGINE HAVING 100 OF THESE IN
YOU'D BEEN WALKING AROUND,
IMAGINE HOW MUCH NOISE YOU'D
DO WHAT THEY'VE DONE, IS THEY'VE
MADE DIFFERENT TYPES OF COINS TO
HELP US UNDERSTAND HOW MONEY
SO THIS LOONY RIGHT HERE IS
WORTH 100 OF THESE.
OKAY, SO NOBODY REALLY WANTS TO
CARRY A 100 OF THESE AROUND SO
WHAT THEY DID IS THEY MADE OTHER
UNITS OF OTHER TYPES OF COINS.
SO FOR EXAMPLE, WE HAVE THE
QUARTER AND A QUARTER IS WORTH
SO NOW INSTEAD OF CARRYING 25 OF
THESE YOU JUST HAVE TO HAVE ONE
SO NOW IF WE LOOK AT IT, 25 PLUS
25 PLUS 25 PLUS 25, GIVES US A
SO NOW WE HAVE FOUR QUARTERS.
WE CAN ALSO BREAK IT DOWN EVEN
FURTHER, WHERE WE HAVE WHAT'S
CALLED A DIME AND A DIME IS NOW,
THE 10 ON THERE MEANS 10 CENTS
AND PENNY IS ONE CENT SO WE KNOW
THAT EACH ONE OF THESE HAS 10.
SO WITH 10 DIMES - ONE, TWO,
THREE, FOUR, FIVE, SIX, SEVEN,
EIGHT, NINE, TEN, GIVES US THE
SAME AS A LOONY.
AND OF COURSE CAN YOU IMAGINE
HOW MANY NICKELS WE NEED TO
IT'S REALLY IMPORTANT TO
UNDERSTAND THAT, WHEN YOU'RE
CARRYING MONEY AROUND YOU CAN
MIX AND MATCH THESE TO MAKE
DIFFERENT VALUES SO OF COURSE WE
ALWAYS WANT TO HAVE, YOU KNOW
THE LEAST AMOUNT OF CHANGE AS
POSSIBLE BUT AND THE OTHER
CHANGE YOU DO HAVE JUST PUT IT
IN A JAR OR SOMETHING AND SAVE
BUT THAT'S JUST TO UNDERSTAND
THAT YOU KNOW ALL OF THESE WORK
TOGETHER TO GIVE YOU A GOOD
VALUE WITH, WE'LL START WITH OUR
DOLLAR BEING OUR NUMBER ONE AND
EVERYTHING ELSE BREAKS DOWN FROM
THAT'S TEACHER TROY WITH SOME
HELP ON MONEY.
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