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Mathematics / Year 3 / Number and Algebra / Money and financial mathematics

Curriculum content descriptions

Represent money values in multiple ways and count the change required for simple transactions to the nearest five cents (ACMNA059)

Elaborations
• recognising the relationship between dollars and cents, and that not all countries use these denominations and divisions (for example Japanese Yen)
General capabilities
• Numeracy Numeracy
• Critical and creative thinking Critical and creative thinking
ScOT terms

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Funny money

What do you use money to buy? In this clip we look at Australian money. See the different coins and notes that make up our money system. We investigate if size, (in coins) does matter. Check out how many 5 cent pieces you need to make two dollars. We also look at some currencies used around the world. Find out which country ...

What is the GST?

The Goods and Services Tax (GST) is a tax placed on things people buy with money or things people do for money. Can you name some goods and services that have GST? What about some goods and services that don't have GST? Find out when and why the GST was first introduced.

Calculating ratios using the value of the Australian dollar

The value of the Australian dollar rises and falls on a regular basis. Listen to Kirsty Bennett explain how this is good if we want to purchase goods that are produced overseas but makes Australia a more expensive place for tourists to visit. This clip provides a context to calculate ratios.

Royal Australian Mint: learning

This website provides a range of resources and activities and activities for students and teachers about the history of Australian currency, the minting process and Australia's decimal currency. Of note is an interactive slideshow with high resolution images of currencies from Indigenous barter systems to modern Australian ...

Australian coin history

This interactive slideshow from the Royal Australian Mint provides a series of high resolution images and brief descriptions of currencies from Indigenous barter systems to modern Australian currency. A downloadable fact sheet on Australian coin history is accessible from selected pages within the slideshow.

Royal Australian Mint: units of work

This suite of teaching and learning units of work related to Australian currencies for middle and upper primary students. The units explore the role coins play in commemoration and the history of Australian currency from colonial times to post Federation. Lessons are supplemented with a range of cross-curriculum lesson ideas.

What is opportunity cost?

What is the true cost of buying something? Gen Fricker explains that it's more than just money. Learn about opportunity cost - what it is, why it's a helpful tool and when to use it. Simple! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.

Why borrowing can cost you more

Think credit cards are basically free money? Gen Fricker will make you think again. Learn how interest rates and fees affect the money you borrow, and why they may be more expensive in the long run. Oh dear! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.

Decimal currency

This interactive slideshow from the Royal Australian Mint provides a series of high resolution images and brief descriptions of the transition from pre-decimal to decimal currency in Australia.

Why investing can be risky

Planning to get rich quick by investing one day? Before you jump in, let Gen Fricker explain some of the risks involved with different types of investments. Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.

Investigating Australian coins

This teaching and learning unit of work contains five lessons that explore Australian coin currencies. Students learn to recognise, describe and order coins according to their values and experiment with counting small coin collections.

T Warburton token penny, 1862

This is a round copper token featuring the name, business and address of the issuer: T Warburton / Iron and Zinc Spouting Works / 11 Little Bourke St West / Melbourne. The reverse shows a wheat sheaf bound with cord standing in a field. Above this scene is 'Advance Australia' and below it the year. The token has a diameter ...

Fisher token halfpenny, 1857

This is a round copper token, minted by W. J. Taylor, London. The obverse features an emu facing a kangaroo in a grassy field. Above them is inscribed 'AUSTRALIA' and underneath, '1857'. On the rim and the field of the reverse is inscribed: 'FISHER / DRAPER / MARLBOROUGH HOUSE / GARDINERS CREEK ROAD'. The token is 28 mm ...

J Hosie token penny, 1862

This is a round, copper token featuring a scotch thistle, and the name, business and address of the issuer: The Scotch Pie Shop / J Hosie / 10 and 12 Bourke St East / Melbourne. The reverse features an emu on a grassy plain set against a rising sun, with an 'Advance Victoria' banner underneath. Above this scene are 'Victoria' ...

Thomas Stokes penny token, 1862

This is a round copper penny token that Thomas Stokes minted for his own business in 1862. The token features Stokes's name, his business address and the nature of his business: 'T. STOKES / 100 COLLINS ST. EAST MELBOURNE / MILITARY ORNAMENT BUTTON AND TOKEN MAKER'. The reverse side carries a stock design that depicts a ...

Macintosh and Degraves token shilling, 1823

This is a round, silver token featuring the business and name of the issuer: Saw Mills / Macintosh and Degraves. It also states the value: One Shilling Token. The reverse depicts a kangaroo with 'Tasmania' above and the year below. The token has a diameter of 22 mm and weighs 4.591 g.

Lewis Abrahams token penny, 1855

This is a round, bronze token featuring the name, business and address of the issuer: Lewis Abrahams / Draper / Liverpool Street / Hobart Town. The reverse features an emu facing a kangaroo in a grassy field, with 'Tasmania' above and the year below. The token has a diameter of 34 mm and weighs 13.45 g.

Miller Brothers token penny, 1862

This is a round copper token featuring the name and business of the issuer: Miller Brothers / Coach Builders / Melbourne. In the centre is an engraving of a coach. The reverse features a coat of arms flanked by an emu and kangaroo. The shield, surmounted by a rising sun, depicts a sailing ship, golden fleece, anchor and ...

Martin and Sach token penny, 1858

This is a round, copper token featuring the name, business and location of the issuing firm: Martin and Sach / Ironmongers / Adelaide. The reverse shows a blindfolded Justice standing by the sea holding an overflowing cornucopia in one hand and scales in the other. A sailing ship is in the background. Above this scene is ...

O.H. Hedberg token penny, c1860

This is a round copper token minted by W. J. Taylor, London. Around the edge of the obverse is an inscription: 'O.H.HEDBERG / SWEDISH HOUSE HOBART TON'. In the centre is the denomination, 'ONE PENNY'. The reverse is a stock die featuring a female figure of Australia seated on a rock. She holds an olive branch extended in ...