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Thursday, September 18, 2014

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Philadelphia Fed Introduces Companion Lessons for "Money in Motion"

For immediate release
Contact: Katherine Dibling, (215) 574-4119

PHILADELPHIA - The Federal Reserve Bank of Philadelphia today released a series of lesson plans based on the Bank’s interactive exhibit, "Money in Motion," which is designed to illustrate concepts about money, banking, and the Federal Reserve System. Teachers can schedule visits and use the lessons to enhance students' learning at the exhibit.

“These lessons provide activities for a teacher to use in the classroom before, during, and after a visit to the 'Money in Motion.' exhibit. The activities we have developed get students actively involved in the learning process and help to make a class visit to our exhibit a more focused learning experience,” said Andrew Hill, economic education advisor.

The lesson plans, for third grade through 12th grade students, cover topics including money, monetary policy, and personal finance.

In the "Why Money?" lesson for grades 6-8, the students participate, before visiting the exhibit, in a trading simulation to learn about barter and the benefits of money. At the exhibit, the students go on a scavenger hunt in the exhibit to learn about the forms of money used in the United States and counterfeits, how money is moved in and out of the Philadelphia Fed, and the features of the 2004 currency series. Back in the classroom, the students share their scavenger hunt results and learn more about the characteristics and functions of money.

For interviews, call or e-mail Katherine Dibling at 215-574-4119.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Federal Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

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